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There is no "Magic season" in my small town. Fall to late winter it can take many months to sell if a house sells at all. Spring is much better, around 45 days to 50 days, summer is slower...70 days. I'm planning on it taking 4 months to sell our house , if it sells quicker I'll be really happy!
We get a lot of working age relocations to our area. School for the kids is what drives some timing. Summers are when people want to get settled so kids attend the new school from day 1 on. So number of buyers is higher driving prices and sale numbers higher. A great home well priced will move quickly anytime of year however. Move up buyers or transplants who rented to "test drive" living here make the plunge when the right home hits the market
Shy of geographically-specific reasons ^ like above ... everywhere activity peaks in June and July. And by activity, I mean closings.
Out of curiosity, why do you county "activity" as only closings? To me, offers would also seem to be part of the active process, and those would usually come 30 days to 60 days prior to the closing if the buyer is getting financed, right?
PEAKS. it peaks in June/July. Which means it really begins ramping up in April. This time of year captures: warmer weather & pretty landscaping in colder climes, school changes, leases ending. And it's easy enough to get a 60 day close with an April contract (June close) and a 30 day close with an early June (right before/as school year ends) contract.
I've never heard of the phrase - or the concept. Conversely though, Nov-Jan is considered by many to be a risky time to initially offer a house for sale due to buyers being distracted by the holidays. In the area where we just sold (north TX), anything outside that window would be fine. (We listed ours on March 3, had about a dozen showings on the 3rd and 4th, accepted an offer on the 5th)
I live in The Woodlands, and a smaller house down the street from me hit the market at what I thought was an unjustified price....but it just went pending after 3 days on the market.
LOL looks like my initial post may have been a little bit confusing. My bad! I know I usually post about my home search, but I thought I'd do something different and try to start a more a general topic. Sometimes I get tired of having every question I ask be about my quest to buy a house in Williamsburg. Me-me-me gets old-old-old. It's nice to hear how things are in other parts of the country.
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Originally Posted by biscuitmom
Where do houses sit that long on the market, if they're priced right?
In Williamsburg, VA, it is not uncommon for houses to be on the market 6 months to a year (or longer). Other houses sell within a few days. Whether or not the homes that move slowly are over priced is a matter of opinion. The sellers don't think so (but I do).
To contribute to the general topic, in Nova (where I'm selling) things started swinging into gear at the beginning of March. It will probably be going full steam by April. I think things start to cool off in June or July (but not sure; I'm not a realtor so never really followed it). People move into this neighborhood for the schools, so they want to get settled in before the school year starts.
From what I can tell, Williamsburg seems to be more seasonal. The listings and sales seem to start earlier (February) and then surge in spring, but taper off after the weather gets hot.
Around here (NJ) the market is crazy already. I think the mild weather this winter helped.
Then it seems to calm down in the summer
Then for some reason in the fall, you will see another ramp-up with a lot of closings right before the holidays.
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