Your New Year’s Eve party plans may still be up in the air, but your home selling/buying goals are probably are being made now. After seeing home values on a steady rise for the last year, owners may have considered selling their home, and future home buyers are still encouraged to buy that home with low interest rates. However, it would be too easy to say that we want to buy when the home prices are low and sell when home prices are up. Life events do no always allow us to time selling or buying. Our lives dictate when we are ready to buy or sell. Sometimes, however, we can be strategic about our home goals. While everyone has their own selling/buying timeline, it can make sense to try and get your own goals inline with what the market does.
After looking at data from Trend Graphix for the last three years in Ventura County, you will notice some very regular trends. In the graph below, notice the bell curve shape of the homes for sale, homes sold and homes pending for sale. The top of the curve shows us that regularly the summer months have the most homes sold, while December in particular has the lowest homes sold. What is also important to note is homes sold in January always INCREASE. That means that as a home seller or buyer you can EXPECT the market to increase in homes sold this coming January. This may mean setting yourself up now for selling in the New Year could be the best Resolution you can make. If you would like to discuss if now is the best time to sell your home or buy a new one, please contact me.
If you have any questions about this or other information I can help you with, please let me know.