Summer Mark-Downs in August - Appliances, Furniture, Clothing...And Houses Too!

August is mark-down time! ! Appliances, home furnishings, back to school items, clothing, gas grills, air conditioners...just about everything goes on sale in August making it a great time to get the deal you've been waiting for and that may include the dream home you've had your eye on but thought the price was a too high for you to make an offer.

Sure, the housing market is still hot and there are some bidding wars happening and buyers need to be prepared to step up, but as hot as the market may be, things are slowing down. August is always the time of year when we see price reductions. Sellers who were overly optimistic when they priced their houses finally recognize that they may not sell for the amount they wanted and are ready adjust their expectations. They know that they've missed out on the buyers who needed to be in for the start of the school year and if they are serious about moving, they will do what is necessary.

Back in May, I wrote a post entitled  "Price Reductions in a Hot Market" that talked about the fact that price reductions were happening and some of the reasons why. Many of those houses have sold but others still have not. There were sellers who held off adjusting their prices and waited until July and going into August are ready to make a deal! And by the way, you may be surprised to hear that these reductions are happening in towns you never thought you would see them in - Concord, Sudbury, Wayland, Weston, and even Newton!

Concord - 87 price reductions during the 12 months ending 7-30-2018

Sudbury - 127 Price Reductions during 12 months ending 7-30-2018

So whether you were one of the many buyers who lost out to higher bids in the Spring or just starting to look and wondering if you'll be able to get an offer accepted, this is the time! Remember though, markets change continuously and come mid-September, they'll be a whole new group of buyers competing again. If you want to take advantage of August sale month, visit www.MarilynMessenger.com where you can see homes for sale and contact me to talk about which sellers might be ready to make a deal!