Here in Bucks County, we do have a Selling "Season." Take a look at the table below, and you'll find that May, June, July, and August are our strongest months, while November, December, January, and February are our slowest months. Remember that these are sold properties, and that the properties actually went under agreement prior to the sale date (most likely 30-60 days prior). So, following this, our heavy selling season ramps up in March/April and peters out again in September/October.
What does this mean if you have your house on the market right now? It means get real, get aggressive, and get sold! Now is not the time to be testing the market or clinging to a certain price point. It's the time to attack the market aggressively before we lose more Buyers to holidays, bad weather, and the general "settling in" of winter time.
What if you don't have to sell your home right now? You might want to think about taking it off the market for the winter months, making any repairs that came up as concerns to Buyers who looked at your home, and re-list in the Spring with a fresh perspective.
Numbers don't lie, and there are fewer properties sold in the winter months. Good pricing, marketing, and easy showings can give you a fighting chance at grabbing those Buyers who are still looking during this time.
Residential Sales per Month in Bucks County*
2008 | 2007 | 2006 | |
January | 325 | 405 | 463 |
February | 349 | 442 | 396 |
March | 422 | 573 | 543 |
April | 469 | 530 | 557 |
May | 500 | 659 | 753 |
June | 608 | 820 | 880 |
July | 580 | 736 | 704 |
August | 584 | 756 | 752 |
September | 525 | 558 | |
October | 507 | 554 | |
November | 514 | 542 | |
December | 404 | 512 |
*Information from TREND, our local Multiple Listing Service. Information is deemed reliable, but not guaranteed.
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