How will homes sales be the next three months now that the time has passed for the 1st Time Home Buyers? That’s what a lot of Realtors® are wondering. Will it be a “normal” fall period? Will it go into a slump as happen
ed after the “Cash for Clunkers” program ended?
Wait a moment while I get out my crystal ball.
The Oct-Dec period is normally slower because people are busy with holidays. However, the buyers that are shopping are SERIOUS buyers ready to make offers. Even though the weather may be less than ideal, the homes inside often look very attractive with minimalist holiday decorating.
Buyers are eager to get in their new home by the year-end holidays. Sellers are eager to have their home sold prior to the cold months of Jan-Feb. So it can be a great time for negotiations.
I checked to see how the Delaware County market did last fall (Oct-Dec) and compared that to homes currently for sale. Actually, quite a few homes sold last year, which is a positive sign for sellers. The caution for sellers is to consider last year’s average SOLD price, and perhaps adjust their price now for a greater opportunity to go into contract.
| School District | # Sold Fall ’08 | Avg $ Fall ’08 | # For Sale Now | Avg List $ Now |
| Olentangy SD | 175 | $325,195 | 674 | $496,204 |
| Big Walnut SD | 26 | $211,417 | 146 | $492,658 |
| Buckeye Valley SD | 37 | $177,049 | 109 | $344,355 |
| Delaware SD | 72 | $151,390 | 156 | 185,026 |
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