Seasonal pricing trends refer to the fluctuation in real estate prices based on the time of year. In many housing markets, there are patterns where prices tend to rise or fall during specific seasons. For example, spring and summer often see an increase in home prices due to higher demand, while prices may dip during the winter months.
As we transition from the peak spring season to the summer months, the real estate market continues to exhibit interesting trends for both sellers and buyers. Sellers can take advantage of the strong demand and shorter median days on the market, with homes selling in an average of 31 days in June, compared to 49 days during the winter months. On the other hand, buyers will find a more competitive market with multiple offers and bidding wars becoming the norm for desirable properties. As we move into the summer months of July through September, the market remains active, with an average of over 16,000 existing homes and 1,800 new homes sold per day across the country.
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
