The most listing price cuts happen in August, right before the end of summer.
On the day after Thanksgiving, buyers will be flocking to stores and online retailers to find the best deals of the year. But, according to reports, real estate’s Black Friday happened three months ago, when sellers are anxious to move their home off the market before the fall and winter months set in.
Buyers are most likely to snag a deal in August when 13.9 percent of listing prices will be cut. Fast forward to December, and only 8.3 percent of listings will have slashed prices, thanks to sellers and agents willing to wait until spring buying season.
This trend doesn’t necessarily hold true in areas with year-round warm weather, such as Florida, California and Nevada.
Jay & Julia Taylor own and operate Caney Creek Studio. Caney Creek Studio is a video production, digital marketing, and social media management agency.