Do you know that activity in the real estate market changes with the seasons. The number of transactions peaks during the most favorable months and declines at a slower pace for part of the year. For more informations, discover : https://www.rivieraluxuryrentals.com/ .This seasonal effect also influences prices. There may be 2 to 3% differences in real estate prices depending on the time of year when you sell or buy a house.
Real estate: a seasonal market
We have already seen that real estate is a cyclical market. Periods of falling and rising prices follow each other. Generally, these periods are very long, especially when compared to other financial cycles like the stock market. In addition to these cycles, we must also consider that real estate is a seasonal market. Depending on the month of the year, the volume of transactions french riviera home rentals and prices do not change in the same way. The law on sales is signed on average 3 months after the signing of the sales contract. This means that the majority of transactions are concluded during the 2nd quarter (April to June). We must also note the effect of spring and the return of good weather after winter. This influences the mood of households and the desire to move forward in their projects. The previous quarter is also an important moment. In particular, the real estate fairs are born in March and the general press is a sensation in its magazines specializing in real estate. On the other hand, we can see that there are a lot fewer sales in the 4th and 1st quarter, which means that there are fewer compromises signed in the second half of the year.
Join a real estate agent
To give you every chance to sell, you can even hire a professional. By giving it an exclusive mandate, a real estate agent will advise you on the selling price, on the drafting of the ad, on the decoration, on the choice of the offers to buy … The choice of the season to sell faster is important but the decision of the buyers are also influenced by the economic and political context, their lifestyles and especially a price well estimated from the beginning of the sale.
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