Nobody Buys a Home between Thanksgiving and Christmas: Bah Humbug!

By
Real Estate Agent with RE/MAX Allegiance, Managing Broker/Branch Vice President

removing maskUnderstandably, 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.

 

home sales during the holidays

 

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:

                        SOLD               CONTRACT

Alexandria          133                    81

Arlington            196                    111

Fairfax County    875                    599

 

Compare to the sales for the month leading up to Thanksgiving:

 

                       SOLD               CONTRACT

Alexandria         163                  142

Arlington            172                  176

Fairfax County    893                  917

 

Home sales in Northern Virginia were down, but not out.

happy new year

 

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. 

 

CLICK HERE TO START YOUR SEARCH FOR A HOME

and/or 

CLICK HERE TO INVITE ME TO YOUR NEW YEAR'S PARTY

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Virginia Alexandria City County Alexandria
Tags:
northern virginia home sales
northern virginia real estate
2008
alexandria home sales
arlington home sales
homes sold in virginia

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate
HEATHER:  Good luck with all of your deals.  There may be fewer buyers right now, but the ones that are there are serious about buying.
Dec 27, 2007 08:26 AM #21
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

JEANEAN:  I've already got quite a few new deals lining up for 2008.  While this month has been a bit slower than usual, in the past I've sold homes in the days surrounding both Thanksgiving and Christmas.  In 2007, I went with my clients to a home inspection on Jan. 2nd.  Here's to a successful 2008!

Dec 27, 2007 08:31 AM #22
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

CANDACE:  Thanks for your comments.  I'm sure that you'll have a great 2008 as well -- maybe the best ever!  People do buy homes just about every day of the year.

Dec 27, 2007 09:28 AM #23
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate
ELEANOR:  Yes, there's still quite a bit of activity during these last few weeks, though it is admittedly less this week during the holidays.  Thanks for your comments and have a great new year.
Dec 27, 2007 09:29 AM #24
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

NEAL:  Glad to hear that you're keeping busy during the holidays.  Florida is probably even busier during this time of the year, is it not?  Lots of snowbirds looking for condos and retirement homes...

Dec 27, 2007 09:31 AM #25
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

FRAN:  I agree that the best buying opportunities are during this time of the year.  When I bought my condo 5 years ago, we put the contract in during mid-December and during the seller's market frenzy were able to get a good deal at under asking price.  Your comments definitely ring true here.

Dec 27, 2007 09:32 AM #26
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate
KAREN:  I can believe that.  Sometimes clients and buyers and sellers think that we work 24/7/365.
Dec 27, 2007 09:38 AM #27
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate
GINGER:  I'd love to have some of your ginger cookies and hot apple cider.  I might just have to stop by for an open house :)
Dec 27, 2007 09:39 AM #28
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate
PATRICK:  Right on.  You've got it down to a science.
Dec 27, 2007 09:40 AM #29
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate
STELLA:  I'm happy to hear that you're keeping busy during the holidays.
Dec 27, 2007 09:41 AM #30
Rainmaker
315,726
James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes
Real Living | At Home - Washington, DC
When Looking to Buy or Sell - Make the Right Move

Excellent point Brian.  My business was a bit slow (as normal) until last week - when I picked up a (couple) of serious folks.

People DO move during the holidays!  It may be a pain for them; but when you have kids out of school - it can sometimes be a good to switch schools.

Dec 27, 2007 12:23 PM #31
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate
JAMES:  Thanks for your comments.  You are right, sometimes the holidays can be a good time to move  Heck, when I moved 5 years ago it was literally in the middle of a snowstorm!
Dec 27, 2007 10:52 PM #32
Rainer
35,908
Joseph Ellman
Realty Executives- Williams-Sykes Realty - Poughkeepsie, NY
Brian - Great post!  December has been my best month of the year!
Dec 28, 2007 10:57 AM #33
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate
JOSEPH:  Thanks for your comment.  I'm glad to hear that you had a productive December.
Dec 28, 2007 11:13 PM #34
Rainer
37,063
Peggy K.
Grand Property Virtual Tours - Buffalo Grove, IL
Illinois Virtual Tour Provider and Real Estate Photographer
Hi Brian, business has slowed for me in December, but like you said, I'm down but not out.  I actually enjoyed the downtime a little. 
Dec 29, 2007 12:21 PM #35
Rainer
54,749
Chad Baird
Re/Max Spirit - Dayton, OH
SSSH don't tell everybody.  December has always been a busy month for me.  January slows a bit for me, but the pipeline remains full, and I have time to plan for 2008 (I run my fiscal budget from Feb-Feb,  Accounting wise its odd, but my business wise it works for me). 
Dec 29, 2007 01:05 PM #36
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate
PEGGY:  Thanks for your comment.  Best wishes for a great 2008!
Dec 29, 2007 11:02 PM #37
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate
CHAD:  Glad to hear that December has been busy.  I know others who run their fiscal budget separately from the calendar year.  How does that benefit you?
Dec 29, 2007 11:03 PM #38
Rainer
54,749
Chad Baird
Re/Max Spirit - Dayton, OH

Here is how it benifits me.  I deal with alot of investment properties.  Alot of the properties my clients get are cheap but won based on the closing date.  If the house is under contract before the end of the year, then the asset Company does not carry the inventory into the next year on their books.  So come November it creates a rush for me.  So Im used to 6-10 cloings/month, it then jumps to 10-18 closing per month.  The paper work is alot more on bank owned, and the investors are buying, then throw in relocations, and sellers looking to prepare for the new year and ready to list after new year.  It gets busy.  Then keeping up with personal contacts and Holiday wishes, I don't have much time to focus on the budget and planning during the typical slow season. 

So If I can reduce the stress of budget and business planning until after the rush and the Holidays, it's one less thing I have to do and stay focused on my ultimate goal, to sale houses.  Thats really the only reason why I do it.  Kind of like why most accountants never file their own taxes on April 15th, they get an extension because they are to busy to do their own. 

Dec 30, 2007 04:28 AM #39
Rainmaker
684,625
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate
CHAD:  Thanks for the explanation.  It makes perfect sense and I appreciate you coming back and taking the time to explain it to me.
Dec 30, 2007 04:31 AM #40
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
684,625

Brian Block

Northern Virginia & D.C. Real Estate
Ask me a question
*
*
*
*
Spam prevention

Additional Information