I was wondering if it was true that real estate prices go down after december.?

Question

i heard the best time to buy is now or in january. I would like to know. If any real estate agents , aspring real estate agents or anyone that know the real estate game can give me some info on that would be great. thank you

Answer 1

Hi

I just bought a house last Feb. I think it is true to a degree..but it also depends on the type of house you are looking for and the location. Some places are high no matter what time of year you are looking.

You also have to take into account the condition of the house.

You can ask your real estate agent if there are any homes in the area that people are quickly looking to sell (i.e a death in the family, relocating, etc)..then you can make an offer on one of these homes..might work out better for you...

You might also want to look into houses that are under foreclosure....they are usually cheap...they also have homes/property on EBAY..

Answer 2

I think this is a great question, and one that is often asked of us real estate agents. I don't know what region you live in, but here in Southern California, we've noticed that consistently, from Halloween through the New Year, it is the slowest time in our real estate market and is typically the best time for buyers to get a 'deal.' After the first week or so of the new year into May is when things get busy in the Spring market and there is more buyer competition. I definitely believe that this is the best time to buy, and is the time that I would counsel my friends & family to make their moves.

Now, that being said - depending on where you live, if it is freezing throughout January, and not many people feel like getting out of the house to even go home shopping, then January through February might still be a good time for you to buy.

The flip side of this is, not every home on the market during this time is going to be a great deal. Over the Christmas holiday, more home sellers may take their homes off the market - which means less home inventory for buyers to choose from.

Since at this time, real estate markets are so localized, be sure to check with your local real estate practitioner to give you the numbers in your area.... How many homes on the market, number of days on average for a home to sell, etc. at this time, to give you the most accurate assessment.

Answer 3

No! exactly the opposite. Homes become more difficult to sell during the holidays. January first is the beginning of a new influx of buyers that were absent. The upswing continues thru July when it begins to go down again. Pricing is determined by demand. No demand prices go down. That makes December the best time to purchase a home, assuming you find something you like.

On the other hand, this year will probably be different. There are always a lot more listings to go with the new buyers. But I would expect them to continue to overprice their homes. It remains to be seen though how this year will go. All stats point to a downturn in the market, you need to figure out how bad it will be in your area. I don't think you can be hurt by waiting.

I've flipped homes and now have my real estate license. I have a blog that I talk about the business and I think if your intrested in real estate investing you need to become familiar with the local real esate club. Just don't believe everything they say, they're just trying to sell you stuff.

Answer 4

my buddy at work is a real estate agent, he says it is indeed. he says winter time in general is a great time to buy, and since our housing bubble is well, popping, this year is a great time too. will next winter be even better? who knows. but this winter is good if you are looking to buy soon.