If you’re seeing that January home sales slowed down, you may wonder what that means for the housing market. Here’s what you need to know.
That’s not because of any big drop off in demand. It’s a combination of normal seasonality and the weather.
January is typically a slower month. Plus, this January was packed with winter storms that slowed down inspections, appraisals, and final walkthroughs across much of the country. That’s causing a delay in sales, too.
Don’t confuse a weather-impacted month with a market losing steam. History shows the pace of sales usually picks back up in February as the spring market starts to take off.
If you’re thinking about selling and want to know what’s happening in our market as we head into spring, let’s break it down locally.
Let’s connect to explore your options today. You can also call or text me at 908-304-4660.
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