Will My Home Sell in the Winter Months?

The cold weather does not mean that the Real Estate Market has closed down, but rather that it has changed somewhat due to the weather. In this mobile economy there are always people being transferred, taking on new jobs and a host of other reasons for relocating. It is true that during the winter months there tends to be fewer houses on the market, but this is good news to the seller. Fewer houses on the market means that there are fewer home sales that are competing with yours.The number of sales may decrease over the winter months but with the lower inventory this may enhance your opportunity top sell.The circumstances facing buyers in the slower markets does not decrease the need for some to buy homes, but it does increase the sellers success at selling.
At this particular time in Alberta the mortgage rates remain very low, for example a 5 year fixed mortgage is available at 3.24%. (January 2018 ) There is no doubt that the interest rates will be trending upward in the next few months and so buying or selling now may hold some financial advantage for the next 5 years.
some of the associated costs of buying and moving may be lower as well; e.g. moving costs, renovation costs, which would reduce costs at this time of the year.
If you are in a position or need to sell your house during the winter months do not hesitate to discuss this with your Realtor as there are some definite advantages for selling now.