Traditionally, fall brings about a change in activity in the real estate market since many homebuyers plan their transactions around the school year. With school in session, sales can tend to slow. Additionally, many sellers take their homes off the market for the holidays and wait for the more favorable spring selling climate. Pair the cyclical trend with reduced consumer spending, an increasing unemployment rate and decreasing cash flow, and this would appear to be an unfavorable time to list your home.

However, we’ve seen from experience that if priced right from the start, some homes do sell in a short time frame, no matter the season. Indeed, there are buyers out there who recognize that now is a great time to purchase a home. Fueled by low mortgage rates and government incentives, savvy buyers are looking to make a purchase. Case in point: The Duran Group’s listing at 3650 Rutherford Way in Santa Rosa. Priced at $789,900, this five bedroom, three bath home with over 3,356 sq. ft and built in 2000 drew five offers and went into contract after only nine days on the market.

Plagued by the economic crisis, the spending and saving habits of Americans are being looked at now more than ever as indicators of economic recovery.

However, maybe this is a more accurate sign of what’s to come.

Are you interested in buying in this off-peak season? Click here for some tips.

Posted by:Raina Duran