As fewer new homes are listed each week, the average age of our inventory is gradually getting higher and higher. Redwood City's 55 active single-family homes for sale have been on the market for an average of 66 days. When you take this into consideration, along with the fact that we are now officially in the slow season for real estate activity, it is reasonable to expect that many of these 55 sellers are getting anxious to get into contract before Christmas. Some of these sellers are even likely to pull their homes off the market if they don't sell in the next couple of weeks, with plans to relist after the holidays.
This presents buyers with a unique window of opportunity where sellers are more likely to work with them to get a deal done, even if the initial offer isn't quite what they were looking for. So while the holidays aren't the most convenient time to make one of the biggest financial decisions of your life, they do present some advantages to buyers who stay active.
No comments:
Post a Comment