December is a great time to purchase your new home!
Real Estate has always been seasonal! Market corrections may come and go but seasons have always dictated patterns. Spring is typically the heaviest sales period followed by summer. Some sellers are averse to having their homes on the market over the holiday season preferring to wait until spring when the market is typically known to be more in their favor. This can bring about a decrease in inventory. This can be beneficial to both buyer and seller!
The price received for homes is largely a function of supply and demand and the more homes on the market the more competition. Buyers can become overwhelmed by too many homes for sale and sellers can become lost in the sea of inventory. This month we have decreasing inventory and most sellers still on the market are motivated making this an excellent time to find your dream home!
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