It’s common to assume that selling over the holidays is a bad idea – whether it’s because you don’t want to add to the stress, or because you think buyers won’t bite. In reality, serious buyers are still out there and the holidays may be a great time for you to list your home.
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Highly motivated buyers
The simple truth is this: No one wants to move all their belongings in the middle of winter. So for the most part, winter buyers tend to be highly motivated.
And holiday buyers are no different than the rest of us this season; they want to enjoy some downtime with their friends and family if possible. Whether buyers are already living in town or hoping to peek at houses while they’re in town visiting relatives, they don’t want to spend the whole season at showings and open houses.
Dwindling inventory and high prices
Winter buyers expect to compete over a smaller inventory of homes, but in today’s already low inventory market, this holiday season may be especially tight.
According to the Minneapolis Area Association of REALTORS®, this year’s October inventory for the 13-county metro area was down more than 6% from September, which is typical for the season. In the lower price points, the drop was even more drastic — the number of homes under $250,000 dropped 19% from September to October.
Meanwhile, sellers won’t need to discount; sellers have been recouping nearly 100% of their final listing price at the closing table since February 2019.
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Still want to celebrate the holidays?
Even the most eager buyers tend to allow for holiday boundaries. If you receive an offer close to your holiday, you can always delay (or restrict) your closing date to allow your family the celebration you all deserve.
Thinking of Selling?
If you’re considering selling this spring, it may be worth your while to put your home on the market this winter while a small pool of eager buyers are ready to make a move. The best way to get started is to see where you stand. Reach out today for a free, no-pressure home value estimate.
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