Posts from December 14th, 2020
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December
14
14
Why 2020 Is the Year for a Holiday Home Sale
Winter is typically a slow season for real estate transactions. With the holidays, family gatherings, and cold weather, the housing market usually plunges into hibernation, with sellers and buyers putting their real estate plans on hold until spring. However, this year's winter real estate market is shaping up to be different from what we're used to. The coronavirus pandemic saw the housing market grind to a near halt. But with the economy recovering, the 2020 holiday season could be an excellent time to sell your home. Here are some of the reasons why our real estate agents believe a holiday home sale could be more likely this year.
- There's Pent-Up Buyer Demand
When states issued lockdowns and stay-at-home orders in the "silent spring" of 2020, the real estate market nearly screeched to a halt. Several months of real estate busy season were delayed. But that was temporary as buyers and sellers started hitting the market again after the lockdowns. Since then, there has been a pent-up demand to buy homes and make up for the lost time. Eager home buyers are sticking in the market much later than they usually do in the fall. If this trend continues, there will be more people looking for a home in the winter, too. This presents a great opportunity for a holiday home sale.