December is notoriously the slowest month of the year in the real estate industry. Many home sellers tend to take their home off the market during the holidays, then relist it for sale within the upcoming new year, drastically dropping the inventory of homes for sale in December. With less inventory, real estate showings will decrease as well.
According to Showing Suite’s CBSA home showing reports, between November and December 2012, within just one month, there was a 26 percent drop in overall home showings in December for all of the United States. Some sellers might take their home off the market before Thanksgiving, but many wait until mid-December to temporarily remove it.
To put it into perspective, from January through October 2012, each month had an average of 140,000 showings each month, whereas in December there were only about 80,000 real estate showings for the entire month overall.
Last year, between December 2011 to January 2012, January had 48 percent more overall showings than December. Although home sales might be slow during the first month of 2013, real estate showings and listings are expected to increase drastically as more inventory goes back on the market, yielding more sales within early spring.
At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR, visit our website at NorthEasternGroup.com.
North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.