John Karadsheh
When John first started in real estate over 21 years ago, he sold his very first house on Christmas Eve. While many people are busy with the holidays, buyers and investors who have time to hunt for houses in December are often able to find a deal.
While we have known this from our personal experience over the decades, we were excited to see a recent study proving our point. According to ATOMM, a real estate data company, five of the best days to buy a house each year fall in December.
After analyzing 10 years of national real estate purchase data, ATOMM found that Dec. 5, 12,19, 24, and 26 are the days when buyers consistently get the best deals on homes.
WHY IS DECEMBER SUCH A GREAT MONTH TO BUY A HOUSE?
- Many sellers take their listings off the market for the holidays, so those homes that are still for sale often have more motivated sellers
- Many buyers are busy with holiday activities and travel, and they suspend their home search until after the new year. With fewer buyers in the market, those buyers who are still active often have less competition and more opportunities.
- Sellers often want to wrap up real estate deals by year-end and are sometimes more open to negotiating in December — especially if their home has been on the market for a while.
- Tax benefits/consequences may motivate both buyers and sellers to close on a property before the end of the year.
- For buyers looking for a winter home, December is a great time to purchase to enjoy for spring season. There is also less competition for winter homes in December than there is in the spring.
- Lastly, you can get a great feel for a neighborhood simply by seeing who decorates for the holiday season.
On behalf of our family and KOR Properties, we want to wish you and your loved ones the happiest holiday season. We are grateful for this amazing community, thankful for your continued referrals, and hopeful for peace and prosperity for all in 2024.
John is the Designated Broker of KOR Properties and has been a Multi-Million Dollar producing agent for over 21 years. He is an Accredited Buyers Representative (ABR) and Certified Residential Specialist (CRS), and serves on the Arizona Regional MLS (ARMLS) Rules & Policies Committee, ARMLS Appeals Committee, and the West and Southeast Realtors of the Valley Professional Standards Committee.
Natascha is a Multi-Million Dollar Producer and Accredited Buyers Representative (ABR). She is the Founder of Mesa Food Truck Fridays, a Member and Past-Chair of the City of Mesa Economic Development Advisory Board, and on the Board of Directors of the Greater Phoenix Economic Council.