Sep 24

In Winter, These Housing Markets Are Hot

In Winter, These Housing Markets Are Hot

In Winter, These Housing Markets Are Hot. Image courtesy of Claire Louise / FreeDigitalPhotos.net

In Winter, These Housing Markets Are Hot. Image courtesy of Claire Louise / FreeDigitalPhotos.net

 

As temperatures cool, many housing markets across the country also see a thaw in sales. In fact, 80 percent of U.S. counties see a slowdown in the time it takes to sell a home starting in September, according to realtor.com®. But a few markets buck that trend.

In some markets, the cold weather heats up home-buying, such as in Colorado’s San Miguel County, a locale nestled in the Rocky Mountains. Telluride, Colo., sees its median days on the market drop significantly after the fall season and the market usually has its fastest performance in December.

Other housing markets like Tucson, Ariz. in Pima County; Meagher County in Montana; and Catron County in New Mexico also tend to perform strongly in the winter months, according to a new analysis by realtor.com®.

In some of the nation’s hottest areas, the housing markets actually improve in the fall. For example, Arizona’s Yuma County – where temperatures hit an average high of 107 degrees Fahrenheit in July – sees its median days on the market increase in June and August.

Areas in Louisiana, Florida, and Georgia – where temperatures mostly remain mild throughout the year – also tend to see home sales perform strongly in the winter. In Baton Rouge, La., the prime home-buying season tends to kick off in September and lasts until November.

“It’s a function of how accommodating the weather is, rather than a straight relationship to temperature,” says Jonathan Smoke, realtor.com®’s chief economist. “Think about how half of the country can have severe winter weather, and how disruptive snow and ice are on real estate. You can’t see it, you can’t build, you can’t inspect, you can’t move.”

Severe weather can dampen the mood among buyers for real estate. In New York’s Onondaga County, homes tend to stay on the market twice as long in the winter as in the summer, according to realtor.com®.

 

Source: ‘Where to Find the Hottest Markets in the Coldest Months of the Year,’ realtor.com® (Sept. 21, 2015)

admin

For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both.

Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary.

Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that “perfect” property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently.

When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting – or exceeding – his clients’ expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame.

For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania… call Anthony DiDonato.