Over the years, the market has picked up after the holidays. I see you are in the East Bay. I believe it is pretty much like San Francisco which usually slows from Thanksgiving through New Year's and picks up around January 15 or so. When the 49ers were going to the Superbowl with Joe & Steve, the market slowed until after Superbowl. We haven't had that in a while..... There may be some lag what with the subprime debacle and buyers worries about loans. I suspect the Fed may cut interest rates again and that could create a surge. It really depends on the economy and the inventory and of course, realistic Sellers.
In a normal market, inventory typically goes down until mid-spring. The surge usually begins in May. However, now is the best time to get the best deal in the last 3 years. If I can be of further assistance, please email me at firstname.lastname@example.org or call me direct at 949-643-8400. Thank you for you inquiry. Mark Paulson, Keller Williams Realty, Mission Viejo, CA
Great question! I've noticed that ALL activity, buying and selling, picks up around mid January. The bulk of the activity for the entire year, however, is always in the summer. At least in this Tallahassee market.