"My trusty spreadsheet took a peek at a curious report on seasonal homebuying patterns from Attom, which tracked monthly pricing and sales for houses and condos between 2015 and 2024 for 49 states and the District of Columbia. (South Dakota was excluded due to insufficient activity.) By focusing on a decade's worth of sales that closed in January and February deals that were likely shopped in November and December"
"Obviously, many sellers don't want to upset their holiday mood by keeping a home on the market as the season's celebrations intensify. Plus, numerous house hunters likely have other shopping priorities as the year comes to an end. These selling limits place a seasonal chill on what's paid for housing. According to this math, California sales prices were 7% lower for closings in January and February 2015-24 compared with the rest of the year."
"Vermont had the largest price bargains at 13%, followed by 12% in Michigan, Tennessee and Wisconsin. Only one state has wintry pricing above the rest of the year: New York was 2% higher. Most merchants use price cuts to get us in the holiday gift-giving mood. In its own way, the housing market offers seasonal bargains, too. Not in a buying mood Housing's soft holiday pricing also parallels meager sales activity."
Attom tracked monthly pricing and sales for houses and condos from 2015–2024 across 49 states plus the District of Columbia. Sales that closed in January and February—likely shopped in November and December—showed fewer transactions and weaker pricing compared with the other ten months. California's sales prices were about 7% lower for January–February closings, matching the national holiday discount. Vermont had the largest seasonal price drop at 13%, followed by Michigan, Tennessee, and Wisconsin at 12%. New York experienced a 2% winter premium. California saw January–February closings 28% slower than the rest of the year.
Read at www.ocregister.com
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