The number of New Listings and Pending Sales dropped dramatically the last week of November as both buyers and sellers were focused on the Thanksgiving holiday. Last week saw a bump up in showings as buyers got back to their normal routines.Many buyers are concerned that there haven’t been many new listings coming on the market in recent weeks. This is a seasonal trend… we should see a pick-up in new listings after the New Year.
As we near the end of the year, I encourage buyers sitting on the fence to go out and find your home now while the market conditions are in your favor. For sellers, keep in mind that a buyer who is looking at houses this time of year may be very motivated… if you take your home off the market till the new year, you may miss the buyer looking for a home like yours.