We are still in the midst of the fallout from the subprime situation, and the newspapers are not sending "buying signals" (although I feel it is a great time to be a buyer). No matter where your house for sale is located, the holiday period (Thanksgiving to New Years's) is typically slower than at other times of the year. People are focused on "getting through" the holidays, shopping, and are generally not thinking as much about buying a new home. That being said, you can be sure that the Buyers who look during this time are very serious. Remember, it only takes one serious buyer to bring about a sale of your home. In the worst weather, the ones who are out there looking are serious! People might also be putting off their new home search until after the new year. At that time, job changes might be more clear, end-of-year performance reviews are completed, and people feel more secure. In some places, the "spring market" may begin in the dead of the winter months. This all depends on where in the country houses are located. I would also suggest that many home sales are driven by the school year and buyers with children in school are less likely to move during the middle of the school year. This does not apply, however, to those who are relocating, due to job or personal life changes.
(Frank Ledermann/ Associate Broker with Houlihan Lawrence in Scarsdale, NY (914) 261-8888