[dropcap]D[/dropcap]ear Terese,
What is the busiest month for sales activity?
Chrissy
Dear Chrissy,
Ali Anari, with Tierra Grande, the Journal of the Real Estate Center at Texas A&M University, recently published an article about the seasonal pattern of sales in Texas. In Texas, sales activity tends to accelerate beginning in March and peaks in summer. It may help the likelihood of selling your home if you put it on the market before the area’s peak month. For buyers, more homes are available to choose from in the early spring and summer. In 2015, January was the lowest number of sales, and June had the highest. The factors that are most influential in Texas home sales are school calendars, holiday, weather, and jobs in the education industry. Putting your home on the market before the peak season may be beneficial, but check with a local area expert on the current availability of similar homes.
Dear Terese,
I’ve seen prices escalate in my area, and I’m thinking about selling my home. How long do you expect this rise in home prices to last?
Jeff
