The real estate market not only differs each year, but also based on the month. There are many misconceptions about listing a home during different months. Below is an overview of why list homes in Las Vegas during the holiday months.
Inventory & Competition
Fewer listings are on the market during the the holiday months. Buyers still remain active during the start of the upcoming year, so the winter months are when they will get a home under contract. Being one of the limited properties available may provide you with an advantage.
A recent survey of real estate agents by Realtor.com showed that 79% of home buyers searching during the holiday months were more serious. 61% consider less competition for listings to be an advantage. Furthermore, buyers have additional time to view properties during the holiday months. Buyers that are relocating also routinely use the days off work to start their search. Thus, it is common to find listings going under agreement around Christmas or Thanksgiving.
Why List Homes In Las Vegas During The Holiday Months
If you are unsure about listing your property around the holiday months, consider the chances you might be missing from buyers who really need to locate a property and are evaluating properties for sale. Holding off until several months could lead to your listing being lost amongst the number of new homes for sale or being priced lower because of the competition. Homes sell every month of the year, but the supply and demand will fluctuate and affect home prices.
This overview of why list homes in Las Vegas during the holiday months was compiled by Arina Hanciulescu. For more information, contact Arina 702-306 4766 at Realty PROS Las Vegas for guidance on listing a property for sale.