How Does The Holiday Season Affect The Housing Market?
time: 22:22:41 12/05/2018 view: 835
Real estate professionals know that regardless of where they are, the housing market is seasonal. And some seasons are better for the market than others.
Depending on where you’re located, you may be affected by seasons differently than those in other areas.
When the decorations start popping up in stores (which seems to be earlier and earlier every year) and the food and drinks and music begin to flow, home sales decline.
There are several reasons the holidays tend to be a slower time of year for real estate transactions. The most obvious is the desire for home and family. Moving during the holidays isn’t appealing to many Americans.
Another is the added stress that moving brings. Moving is always stressful. Buying or selling a home is always stressful. And the holidays can bring their own form of stress for many of us. So, for many, the thought of trying to sell their home, or buy a new one, during the holiday season can be overwhelming.
Others, however, might love the idea of moving into a brand-new home for the holidays. Opening that front door like a shiny package on Christmas morning.
So, while the market does slow down for the holidays, it doesn’t shut down completely. And buying during the holidays can actually be a good idea if you want to get a good deal.
To find out what real estate professionals think about the holiday season and its impact on the market, I asked Clayton Fejfar of Las Vegas Shorewood Real Estate. Here’s what he had to say:
“There always seems to be a slow down during the holidays, but the people in the market during this time seem to be much more serious.”
That’s good news. If you have to buy or sell during the holidays, or if you’re one of the many Americans who don’t celebrate any of the various holidays that occur throughout the fall and winter, you can still buy or sell and know that while there may be fewer homes on the market, and fewer buyers looking, those who are will be serious.
If you want to know more about how your local market is affected by the seasons, or by the holidays in particular, be sure to do your own market research and/or consult with a real estate professional in your area.