Is It Good To Buy A Home This Holiday Season?

Those who make an offer on a home in Washington over the holidays could save money — even in the competitive Seattle real estate market. Less competition and more motivated sellers. Those are just two of the potential perks of buying a home in Washington State over the holidays. And a recent report added a third item to the list. Buyers could also get a better deal on their purchases.

If you’re trying to figure out what to expect when buying a house in Washington, the process depends on where exactly you’re aiming to land in the Evergreen State. For example, Seattle — home to many well-paid workers in the tech industry — is extremely expensive. According to a housing report by the Madrona Group, the city’s average sale price hit $935,000 in September. Elsewhere in the state, though, your budget can look quite a bit smaller. In Spokane, for example, Redfin data shows the median sale price at just $380,000.

While the number of homes for sale has risen in recent months, the housing supply is still falling short of demand in the state. This means buyers are competing with each other for limited inventory. During the holidays, however, real estate activity tends to wane. Many buyers shelve their plans until after January 1. So there is often reduced competition — and less stress — for those who attempt to buy over the holidays.

The best day of all, for potential discounts? December 26th.