How Will the 3rd Quarter Results Affect Your Home’s Sale This Holiday Season?

Welcome to my video blog, where I will be bringing you up-to-date real estate information and tips to help you buy or sell your home!

Today I wanted to go over the third quarter market reports that have recently been released and how this can impact you and the sale of your property.

We’ve seen an increase in overall sales in Charlottesville by 25.9% from last year. For the Richmond market, we are up 675 homes and Charlottesville is up 11.6%. Overall, we’re looking great. The DOM (days on market) for Charlottesville and Richmond is sitting around 57 days.

For people who are a little apprehensive about listing during the holidays, my busiest month for the past four years has been December. What most people don’t realize is that purchasing a home is 97% emotional and about 3-5% rational. When buyers see homes decorated and seasonal smells resonating in the home, this tugs on their heart strings. Don’t let the fact that with family coming into town and people relocating that it’s a bad time to sell. On a percentage basis, more homes are selling in the winter months than in the spring months because of the amounts of inventory/competition the spring brings.

Thanks for watching this video and please consider us when you go to purchase or sell your home. If you want to read the full market report, we can get that over to you. You can send us your information at info@valorieford.com or vford@kw.com. We do have a free home evaluation and we do have a free home search as well. Have a great day!