Understandably, the already slowing housing market does get slower during December. People are packing the shopping malls, movie theaters and gathering around the hearth at home. However, there is a misguided conception that NOBODY BUYS A HOME BETWEEN THANKSGIVING AND CHRISTMAS!
You might even know Realtors who plan their vacations for the 4 weeks in December. Some start even earlier and for all intents and purposes stop working as soon as they take off their Halloween mask.
Do homes sales slow down a bit during the holidays? Sure. So does almost every form of business except retail stores.
However, people buy homes just about every day of the year. Some hurry to purchase or sell their home so they can be settled just in time for the holidays. So to those who say "Nobody buys a home between Thanksgiving and Christmas," I'll emulate Dickens' most famous character and say "BAH HUMBUG!"
Homes sold in Northern Virginia from November 22, 2007 through December 24, 2007:
Alexandria 133 81
Arlington 196 111
Fairfax County 875 599
Compare to the sales for the month leading up to Thanksgiving:
Alexandria 163 142
Arlington 172 176
Fairfax County 893 917
Home sales in Northern Virginia were down, but not out.
One week until New Year's celebrations. After buyers shake off their hangovers and forget the year that was, expect them to be out shopping for houses in full force in the new year.