As the holiday season fast approaches the perception is that the real estate market tends to slow down, that just might not be the case this year.
“Between Christmas and mid-January, all the major real estate portals traditionally record a significant spike in activity (one of the highest in the year) from prospective buyers and sellers. Those who are considering buying, selling, or investing have the time to research the market and position themselves to achieve their real estate goals in the new year.”
With November marking a turning point for the Australian economy, with house prices showing consistent growth across all capital cities and regional areas since July, and many homeowners’ keen to secure a sale before the end of the year as well as buyers wanting to secure a home to move into for 2021. Combine this with the lower than average levels of properties currently on the market and there will be a strong level of demand for properties come January.
“January is historically one of the slowest listing months of the year with demand remaining strong up until the Christmas break, we will likely see an increased level of demand due to the reduced levels of supply – which has the effect of increasing prices on the properties that are available for sale in early to mid-January.”
Our advice for those interested in selling over the summer is to start working with your agent prior to Christmas to have your marketing produced and ready for an early January launch.