"As a home seller, understanding seasonality means you can approach the market with realistic expectations and a proactive mindset. If you're listing your home during a typically slower season, be prepared for potentially fewer showings and a longer time on the market. This doesn't mean your home won't sell, but it does mean patience and flexibility are key. Work closely with your real estate agent to set a competitive price that reflects current market conditions, even if it means adjusting your initial expectations."
"A seasonal slowdown is characterized by a general decrease in market activity. You might notice fewer showings, fewer offers, or slightly longer days on market. This is often a broad trend affecting many properties in your area, not just yours. For example, families might be less inclined to move during the school year or around the holidays. Fewer showings: This is a common sign of a slower season."
Real estate follows seasonal patterns: spring and summer often bring increased activity while fall and winter typically cool. Seasonality arises from factors such as school calendars, holidays, and weather. Sellers listing in slower seasons should expect fewer showings and longer days on market and plan for patience and flexibility. Competitive pricing that reflects current conditions increases sale prospects. Agents can recommend seasonal marketing tactics like virtual tours for buyers who avoid in-person visits during inclement weather. A seasonal slowdown usually affects many area properties, producing fewer offers and longer market times, especially when families delay moves.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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