As you know, the housing market tends to slow down during the holiday season and this year is no different. People are spending time at home with family. That’s not to say there is no buying or selling going on, there definitely is! It’s just leveled off a bit and will continue to slow until spring.
This month’s market insights for buyers and sellers:
- It’s still a great time to sell. Sellers are getting 96.4% of their asking price. Just .04% down from last month.
- Buyers are enjoying a decrease in price per square foot. This month, the average price per square foot is $495. Down $12 from last month.
Fun Photo Fact
The photo featured here is of Truckee, California – December 22, 2017: The Old Town of Truckee, on Donner Pass Road, is well known for great restaurants, art galleries, and gift shops. The old Hotel Rex once had rooms for $1.
Photo credit: David Litman