Happy new year all!
After a month full of delicious food and drink, it isn't just us trying to shake off the holiday hangover. The real estate market was just as slow to get out of bed on January 1st as people all across the country were. The low inventory and general inactivity on both the buyer and seller side have [as per usual] persisted into the early part of January.
As discussed in my previous update, these early weeks of January present a unique window of opportunity for buyers in a Redwood City real estate market that usually favors the seller. The absence of competing buyers gives you greater leverage when submitting an offer. I would expect this window to close towards the end of January, as a fresh crop of listings begins to draw buyers out of their pie and eggnog induced slumber and back into the market. What's more, is that sellers who have been on the market through the holidays are likely aware of the incoming wave of new listings, and because of this are even more anxious to get their home sold quickly, and even more likely to accept terms and price that they might not otherwise.
No comments:
Post a Comment