What is the slowest month to sell a house in Lake Travis? If you want the best chance of reaching buyers fast and selling your house for top dollar, it’s important to know when the market is at its slowest.
In this post, Dallas and Amy Seely and our team of real estate experts at The Seely Group will discuss what month the market in Lake Travis experiences the least amount of buyer activity. We’ll also share what the current housing market conditions are like.
Key Takeaways
- January is the slowest month for home sales in Texas, including the Lake Travis area. On average, homes spend an extra 17 days on the market in January compared to other months throughout the year.Â
- Throughout January, many people are still transitioning away from the holidays and back to their everyday routines. As a result, most people aren’t thinking about making major financial decisions like buying or selling a home.
- Many home buyers are focused on financial planning and budgeting ahead of tax season. This may cause them to put off major purchases until they’ve filed their taxes.
What is the Slowest Month to Sell a House in Lake Travis?
January is the slowest month for home sales in Texas, including the Lake Travis area. On average, homes spend an extra 17 days on the market in January compared to other months throughout the year. On top of that, homes sell for an average of 10% less.
January tends to be the slowest month for home sales nationwide. This trend occurs for several reasons:
Finishing Up the Holiday Season: Throughout January, many people are still transitioning away from the holidays and back to their everyday routines. As a result, most people aren’t thinking about making major financial decisions like buying or selling a home.
Winter Weather: Winter weather affects many parts of the country, bringing snow, ice, storms, and cold temperatures. These weather conditions are unideal for buyers, making it difficult to travel for showings and open houses.
Low Inventory Levels: Most home sellers don’t want to move during the winter, so they wait until spring or summer to list their homes on the market. This results in less available inventory during winter months.
Tax Preparations: Many home buyers are focused on financial planning and budgeting ahead of tax season. This may cause them to put off major purchases until they’ve filed their taxes.
School Year: Buyers with children prefer moving in the spring or summer when the school year is over to minimize disruptions to their children’s education. For this reason, they may delay buying homes until the timing is more convenient.
What is the Housing Market Like in Lake Travis?
In recent months of 2024, Lake Travis has been a strong buyer’s market. This means demand is low while supply levels remain relatively high. As a result, buyers have more leverage, homes tend to stay on the market longer, and final sales prices are lower.
The median sale price of homes for sale was $777,000, which is 5.1% lower compared to the same time last year. The market also has 25.7% more homes for sale on the market compared to the previous year. In addition, 23.1% fewer homes were sold recently compared to previous months in 2024.
63% of homes sell under asking price, 10% sell for their original asking price, and 27% sell over asking price. 70% of homes sell in under 30 days, 10% sell between 30 and 90 days, and 20% spend over 90 days on the market before selling.
Call Dallas and Amy Seely – We Can Sell Your Lake Travis Home Fast, Despite a Slow Market
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If you’re looking to sell a home in Lake Travis in the month of January, it’s important to work with an experienced realtor who can match you with a buyer in no time. At The Seely Group, Amy and Dallas Seely and our entire team of real estate experts help over 300 families in the Austin area every year.Â
With our expertise, we can ensure your listing generates offers from day one. In some cases, we can even match you with a pre-qualified buyer before your home is listed on the market.
To learn more about working with us to sell your home, call 512.943.2572 or send a message to [javascript protected email address]. You can also fill out the form on this page.
To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!