As we head into Labor Day weekend many people will be having friends and family to their homes for barbecues, parties and other get-togethers while other people may just be looking to a quiet weekend at home with family. In either event, if you have your home listed for sale, a showing, or showings, can be disruptive, to those plans and may prompt to you consider taking your home off the market for the weekend, or at least not permitting showings for the next 3 days. After all, it’s a holiday weekend, so what do you have to lose? People don’t buy homes over holiday weekends anyway. Or, do they?
To answer this I turned, as I often do, to STL Market Charts, the proprietary software developed by MORE, REALTORS for the use exclusively by their agents and clients, for access to the most comprehensive, accurate and timely St Louis real estate market data and information that is available. Good market information helps home buyers and sellers make smart decisions! I pulled data for listings that went under contract, or in other words, “sold”, over the 3-day Labor Day weekend last year as well as for the week before for comparison. I also pulled date for a Saturday-Monday period in mid-spring 2016, the height of the market, to see how it compared.
In the tables below, you will see that St Louis home sales over Labor Day weekend last year were definitely less than the prior weekend (about 40% less to be exact) however there were 137 homes sold over that weekend! Even in mid-April, one of the best times for home sales, there were only about double the amount of homes sold (284) as Labor Day weekend. So, while the holiday weekend may not produce quite as many home sales as a non-holiday weekend, it is definitely no slouch and it would be very inaccurate to say homes don’t sell over the holiday weekend.
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Labor Day Weekend 2016 Home Sales – St Louis 5-County Core Market
Weekend Before Labor Day Weekend 2016 Home Sales – St Louis 5-County Core Market
Mid-April Weekend 2016 Home Sales – St Louis 5-County Core Market
