Should you wait until spring to put your home on the market? A recent Realtor.com report says, not necessarily.
While home sales historically slowed down in winter months and around the holidays, today’s real estate market isn’t quite like that. Let’s face it, nothing about today’s market is like markets of the past. This winter will be nothing like the recent past.
In a year where local agents pulled out all the stops to help their clients win bidding wars, housing competition has started to ease, yet homes are still selling faster than usual for this time of year.
Realtor.com chief economist Danielle Hale said that although the market tends to freeze up once the snow falls, she predicts the post-pandemic winter of 2021-2022 will be different. “Sellers can expect to see plenty of buyers,” she said.
That’s in part because even though housing competition started to ease in the fall, home prices continue to hit record highs and inventory continues to be an issue.
Lawrence Yun, chief economist at the National Association of Realtors said compared to past winters, this season’s sales activity will be stronger. “This winter, there will be more sales compared to pre-pandemic winters going back all the way to 2006,” he told Realtor.com.