Do people buy houses in January?

What is the best time of year to put your house on the market?

Do people buy houses in January? For many of us, January symbolises a fresh start and a new beginning after the Christmas season and festivities. Alongside resolutions to join the gym or begin eating healthier, the new year is a great time to begin thinking about your property goals for the coming year.

Could 2024 be the year you make your dream home a reality? With Pearson Ferrier, it can be. However, if you’re dreaming of spending the summer months hosting BBQs in your new garden, enjoying a glass of Pimms with your new neighbours and sunbathing on your new decking – the time to act is now.

The average house completion time in 2023 settled at 129 days. These figures mean it now takes an average of 4.2 months from an agreement to buy to completion. Once you factor in preparing your property for the market, completing your paperwork, and finding a buyer, you’re looking at summer before you’ll realistically be settled into your new home.

If you’re still not convinced, let’s take a look at some of the top reasons now is the best time to get your property on the market…

Low supply and high demand

January often sees a lower supply of properties on the market, meaning it’s easier to make your property stand out from the competition. The long and dark winter nights mean many sellers take their properties off the market towards the end of the year to enjoy the festive season with their families without worrying about house viewings and paperwork.

Due to this, the property market tends to have fewer houses listed during January and February, meaning you have a much greater chance of showcasing your property and getting and achieving your desired asking price.

Houses sell much more quickly in January

Historically, houses sell faster in January and February than in Spring and Summer, when there is more competition on the market, and in Winter, when buyers are less likely to want to pack up and move. In fact, figures from Home Owners Alliance suggest that properties listed in January take an average of just 60 days to sell.

Increased buyer intent

Due to the often miserable weather in the first couple months of the year, we typically find that ‘fair-weather’ buyers are less frequent – and instead, you’re likely to attract viewers who are serious with their intentions of making you an offer and buying your property.

In conclusion, January and February are great months to be putting your property on the market. With low supply and high demand, faster selling times, and serious buyers, it’s a great time to make your dream home a reality.

With Pearson Ferrier, you’re in good hands – so get in touch here or give us a call on 0161 764 4440, and we’ll see how we can help you get your property on the market!