How Many Homes Typically Sell in the Month of December in Sturbridge MA?
In talking with people about whether or not they should list or keep their homes on the market during the holiday season, the question about home sales in December will come up. I ran some numbers in the MLS, and came up with the following information.
The graph below shows how many homes have sold in Sturbridge, Massachusetts, in the month of December for each year from 1995 to 2010 (a place for 2011 is included and will be completed after year's end).
Data Source: MLS PIN
You can see that with the exception of the boom years of 2002 to 2005, there will typically be around six homes sold in the month of December. This year, 2011, is on the low side, with only one home sold in December so far.
The Current Market in Sturbridge:
While compiling this report, I looked at the number of pending home sales in Sturbridge at this time. Right now, there are 10 single family homes that have accepted offers but are still being marketed for back-up offers. Of these 10 homes, half of them are short sales that have had accepted offers for several months.
There are also currently three homes under contract; one of these is a short sale. Two are scheduled to close sometime this month.
What I find interesting about all of this information is that while December home sales are down, there are effectively 13 homes that have accepted offers. That is phenomenal, and it means that January could be a very good month for the winter market.
While actual closed sales in December are slow, the number of pending sales is encouraging. Should a seller keep his or her home on the market through the holidays and winter months? Based on the current data, I say a resounding Yes.
Want more information?
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