Your Home Could be the Ultimate Christmas Present

Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market.

The truth is many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for. Here are five great reasons you shouldn’t wait to sell your house.

➡️ While the supply of homes for sale has increased this year, there still aren’t enough homes on the market to keep up with buyer demand.

➡️ Serious homebuyers are out looking right now. Millennials are driving homebuying demand today, and many are eager to make a purchase.

➡️ The desire to own a home doesn’t stop during the holidays. In fact, homes decorated for the holidays appeal to many buyers. Plus, purchasers who look for homes during the holidays are ready to buy.

➡️ You can restrict the showings in your house to days and times that are most convenient for you. That can help you minimize disruptions, which is especially important this time of year.

➡️ Rents have skyrocketed in recent years. And, many buyers are looking to escape rising rents and avoid falling into the rental trap for another year.

There are many reasons it makes sense to list your house during the holidays. 🎄 Reach out to one of our real estate professionals to determine if selling now is your best move.

Trend-Spotting Tools

Intracoastal Realty’s Business Intelligence Dashboard is a tool used by our agents to stay abreast of the ever-changing market. Real-time data from the MLS is parsed to identify trends and to help with property marketing and pricing strategies. This is one of many resources that helps our firm deliver an exceptional real estate experience.

Sold Price vs. List Price Trend?

One set of data that we’ve been monitoring closely is how many properties are selling above, below, or at the list price. A quick look at closings in August reveals more properties selling below list price than at or above. In fact, 45% of listings sold below list price, compared to 37% selling above list price and 18% selling at list price.

Bottom Line: While it remains a seller’s market with relatively high buyer demand, inventory has been increasing steadily over the past few months. With buyers having more properties from which to choose, pricing has become increasingly important.