Ever heard of the real estate seasonality dance? Average home prices climb in spring and dip in winter. It’s consistent, and here’s why it matters.…
THE RHYTHM:
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🌷 Spring & Summer ☀️
Peak seasons for selling! More listings, but prices might be higher due to demand.
🍂 Fall 🍁
Activity slows, but serious buyers/sellers remain. Potential for better negotiations.
❄️ Winter Wonderland ❄️
Why Winter? Low completion typically leads to lower prices. A buyer’s advantage.
HOW DO RATE DROPS PLAY INTO THIS?
📉 Recent decline in rates = lower mortgage costs and more buying power + Low winter pricing = Ideal timing for buyers.
WINTER BUYING
☃️ Less competition + motivated sellers = more negotiating power
WIN WIN WIN
🥇Winter is an ideal time to take advantage of less competition.
🥇Sellers are more willing to give credits, making this a great time to have your cake and eat it too.
🥇 Lower winter pricing + more negotiating power means we can ask sellers to buy down your interest rate!
EARLY SPRING?
🌸 With recent rate drops, and so many buyers on the sidelines, many predict an early spring buying season in 2024.
📈 What does that do to prices?
WINTER BARGAINS
🌨️ Winter can be the season for great real estate deals!
🥶 Take advantage of seasonality and favorable interest rate trends.
HIRE A WINNING TEAM
🏆 Make sure to hire a buyers agent to represent you and negotiate for your best interests throughout a real estate transaction.
YOUR DREAM HOME AWAITS!
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