A couple weeks ago I presented to you the absorption rates for homes listed in Wisconsin Rapids. I’d like to go one step further and discuss with you the number of homes that sold during each month in 2009.
The following chart includes all single-family homes and condos sold in the tri-city area.
Realtors talk about the ‘buying season’ and the ’slow season’ in pretty much the same way you’d use ‘dry season’ and ‘wet season’ if you were talking about the African plains.
Each bringing their own set of problems and solutions. Summer *can* be the better time for sellers. More buyers means more opportunities to sell. Of course it also means more competition… Accurate pricing, a well-written listing description, and high-quality photographs generally do an excellent job tipping the scales in your favor though.
Winter means fewer buyers. And more time between meaningful showings and offers. But buyers that are out there are definitely serious. We’re now finishing the ’slow season’ and heading quickly to the ‘buying season.’ Note: the average home that sells is on the market for 200+ days. That puts the average home that goes on the market today getting a sold sign in August, right in the middle of the ‘buying season.’
At least that’s what the chart and data are telling us.
As you can see January and February were the 2 slowest months. Which is expected. But we’re off to the races once the calendar gets flipped to March. Remember a home that sells in June received it’s accepted offer in May.
Yes October had the most sales, but what it’s really saying is that September had the most accepted offers.
Now the tax credits are quickly coming to an end. You have less than 3 months to get your home ready for sale, on the market, advertised, shown, receive an offer, negotiate and finally accept the offer. That’s a lot that has to happen. I’ve had numerous sellers contact me in the past month, 3 new listings plus one more in a couple weeks. There’s still time, but now is the time to be proactive.
PHONE: (715) 572-8372
My name is Adam Holberg and I’m a Realtor with First Weber of Wisconsin Rapids. This website is designed to inform and help bring conversation to a topic I love, real estate.