The monthly sales of homes in Delaware County for 2008 followed the same summer spike that is typical in this market. People with school aged children want to move during the summer, so that causes other sellers and buyers to move as well. Rather like musical chairs.
The Sales are substantially lower during the winter months, as might be expected with the holidays and unpleasant weather. This chart shows the month the home closed. If I were to do a similar chart according to the month the home went into contract, the bars would likely move back a month, since many homes go into contract in the month preceding the month the home closes.
Click chart to enlarge.
Not surprisingly, most of the homes/condos sold were in the $200-299K and $300-499K ranges. This is fairly typical of Delaware County, especially the southern part of the county south of Delaware.
One point to notice is that the sales began to increase in March. Those homes likely went into contract at some point in late February. Agents here have always noted that sales pick up as soon as the Super Bowl is over – why we don’t know – but it happens!
If you’re planning to list your home, you might want to have it ready to capture this first blush of buyers. If you plan to buy a home, you might want to consider that the longer you wait to buy, the more competition you’ll have for the homes on the market.
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