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.
“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.”
Although stock levels have improved since the start of spring, the Illawarra region is still feeling the pinch of a stock shortage.
More buyers are expected to come to market in the weeks ahead, hoping to relocate prior to the new year for many reasons such as upsizing, positioning themselves in school catchment areas in time for 2022, or getting that pool in time for summer.
“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 thinking of 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.