As the holidays approach, many home sellers are contemplating taking their homes off the market for the winter with the plan of trying again in spring. But is this really a wise decision? Could home sellers be missing out on an opportunity to sell their home? According to sales records on MLS PIN (Multiple Listing Service Property Information Network), homes continue to sell in the winter months.
Over the last couple of years, there have been numerous closings during the winter months. To demonstrate this, I looked at closings that occurred between December 1 and March 1 over the past two years.
Last year and the year before, there have been a total of 788 and 806 single-family homes sold in 2011 and 2012, respectively. Here is the break down of single-family homes sold by county.
As I have been reporting on this blog, there has been a trend toward month-over-month increases in the number of sales over the last year. The chart above demonstrates that last winter saw more home sales than the winter before.
Based on the increases in the number of sales that have been observed so far this year, it is reasonable to be optimistic that the winter real estate market will be better this year than it was last year.
If you are planning on buying or selling a home in the Pioneer Valley, make your first call to Michael Seward at 413-531-7129 or email me.