Stephanie's Blog

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Real Estate Wintertime

Traditionally, my real estate business takes a bit of a shift during the winter months when some sellers decide to take their homes off the market, while only the most serious buyers are shopping for real estate.  Come February, March- early spring, I begin to see an upswing in calls from buyers and potential sellers then, in one week (usually a nice, spring-like, warm sunny week) the light bulb turns on and I see an influx in buyers buying and sellers wanting to list... Traditionally.

This year, however, I've seen the buyer market follow very closely the tax credit incentive offered by the government.  My stream of buyers shopping under $200K remains very steady and homes continue to sell in this price range. There has been a slight drop in inventory this year, though still a seller's market, but the continuation of sales in the first time buyer bracket.

It's been a great year for me and, because my business tends to be mostly to first time buyers, I've met a lot of wonderful people who have gone on to send me referral. It's not just me, there are several agents right now who will agree that the real estate market, in certain price ranges, is moving.  Now that sellers have realized that prices are expectedly lower, they are pricing their homes more competitively.  It is a great time to buy.

Comment balloon 3 commentsStephanie Jacques • February 01 2010 08:39AM

Comments

My stream of first time home buyers has stayed strong also.  Did you mean to say buyers market instead of sellers market?  Just curious...

Posted by Bob Haywood, BobHaywood.com (McGraw Realtors) over 7 years ago

I have had the same thing this year - buyers coming out after the holidays and wanting to get that tax credit and not miss it. Works for me.

Posted by Jody Lautenbach (Century 21 Premier Associates) over 7 years ago

Same here, Stephanie. With the Fed poised to stop buying loans at the end of Mar and the tax credit ending in Apr, buyers and sellers are wise to jump now! Sellers may see further price reductions once buyers are no longer incented to buy or cannot qualify due to tighter restrictions and higher interest rates.

Posted by SarahGray Lamm, Realtor - 100K Hours of NC Real Estate Experience (Allen Tate Realtors Chapel Hill, NC 919-819-8199 ) over 7 years ago

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