Does the Real Estate Market REALLY shut down in December?
December 29th, 2008 Categories: Arlington Dirt, Home Buying, Home Selling, Market Stats
So here I sit, Christmas was last week and I hope everyone has enjoyed a
little down-time with family and friends. Whether you celebrate Christmas, Hanukkah or some other holiday, I hope you’ve had a chance to decompress a little bit – I have! But now is the time I look towards 2009 with excitement and a renewed energy – meanwhile, I’ve been wondering – does the real estate market REALLY shut down in December? So I did a little research…
Other than erratic blog writing, I’m not really sure I could have quantified what the real estate market does in December. Anecdotally, we’ve always said “there won’t be any new listings between Thanksgiving and New Year’s” and we say “nothing’s happening” and perhaps those are all excuses. Here’s what I learned…
Fact 1 – there were actually 39 BRAND new listings from December 15, 2008 through this moment. (compare that with 187 total in November and 278 total for October and so forth, so yes, it’s a relatively small percentage, but hey – there ARE actually NEW listings!)
Fact 2 – there were 23 contracts ratified between December 20 and December 26. That’s amazing!
So, (remember I said I did a “little” research) from this I can conclude that there are still new listings coming on the market and there are still buyers writing contracts. While we’re not seeing the volume of a typical spring month – I wouldn’t expect that. Considering my expectations were pretty close to nil, I would say we’re doing OK!
January is a great time for new beginnings. If you’d like to discuss your upcoming real estate needs, buying or selling, please give me a call. 2009 is going to be a GREAT year!
Happy Monday
Jennifer
Serving all of your real estate needs in Arlington, McLean and the entire Northern Virginia Region!
Contact me today for a free home valuation or buyer counseling session! And remember, spring is RIGHT around the corner!
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