In the winter real estate market, a seasonal slowdown is common, marked by fewer buyers actively searching for homes due to the colder weather and holiday season.
This slower period is accompanied by a limited inventory of available properties, as sellers may be hesitant to list their homes during winter. While this can create less competition among sellers, it also limits options for buyers.
KEEP IN MIND the lower demand during this season provides negotiation opportunities for buyers and sellers! With less competition out there, coupled with interest rates recently decreasing, it presents a strategic landscape for those looking to buy or sell. Understanding these dynamics can lead to successful real estate transactions.
Oh, and remember that you will want to work with an experienced Realtor to guide you through the process!
December 2023 Staten Island Market Update