December, January may be the best months for real estate in San Diego
Although the sunny California weather makes house hunting a viable option throughout the year, experts believe that certain months are a better time to buy or sell real estate in San Diego than others. Although some would think that the holiday season is not a good time to buy, real estate trends show that December and January may be the most promising months for the housing market.
"During Christmas, people will be focused on the holidays and nothing really happens," Ken Pecus, a local real estate expert, said in an interview with the San Diego Union-Tribune. "The first week of January, the new mindset kicks in, resolutions kick in, and in the second and third week, people look at their taxes, and almost overnight, by the end of January, you have almost twice the buyers in the market."
The San Diego Union Tribune reported that after the Thanksgiving holiday concludes, the real estate world slows down for the December holiday season. However, for homebuyers who want to stay competitive, this time of year could be a great time to buy. Market trends show that homebuying decreases during the fall months, which could be beneficial to buyers who have become frustrated with the more popular buying times. If you have repeatedly been outbid by other prospective buyers during the spring, looking for homes during December and January can help you come out on top.
According to Time Business and Money, January is the best month to make an offer on a house. Although the reason for this phenomenon is up for speculation, some believe that the heightened spending during the holiday season leaves many sellers feeling financially insecure. Homeowners who begin trying to sell their property during the winter months are also thought to be more motivated, as they are attempting to list a property before the peak of the season. Prospective buyers can also benefit from looking in January as there is likely to be less competition than they would encounter come spring.
The beginning of the year is a time that many San Diego residents experience changes in their jobs and personal lives. These may include a new job or job transfer, potential expiration of the Mortgage Forgiveness Debt Relief Act or the need to sell as soon as possible. Buyers and sellers of this nature will not wait for the peak spring season, allowing the San Diego real estate market to remain competitive throughout the year.