While many people use Boxing Day as a day of fun and rest, in the real estate industry, it is a day to prepare for an uptick of properties hitting the market, according to Greycoat Real Estate. What is the cause of the rise in properties?
Greycoat Real Estate explains that people looking to move in the new year tend to start the process the week between Christmas and New Year’s Day. Those looking to sell their homes tend to list them on Boxing Day. The number of properties hitting the market on December 26 has tripled since the pandemic.
Last year’s numbers were almost 50 percent higher than in 2021. Though it is hard to predict this year’s numbers, real estate agents are busy fielding appraisal requests. As Greycoat adds, people hope to sell their homes with the dream of being in a new one by next Christmas.
This year, buyers and sellers are a little more eager than usual. According to the reliable Greycoat real estate agency, interest rates are beginning to stabilize (Built-environment).
In addition, those eagerly waiting to purchase a home will want to get a head start. The same can be said about those waiting for the right time to sell. Those selling will want to list their home as soon as possible, states Greycoat Real Estate. People looking to buy will want to be ready to jump at early listings.