Key Facts

  • January is traditionally the quietest time of the year for house-hunting due to holidays and office shutdowns.
  • Despite this, interest in properties on the market in January can be high, as there’s limited stock available.
  • New listings tend to spike in March, as people have had time to prepare their homes for sale post-holidays.
  • Agents advise buyers to be mindful of office opening dates when making an offer during summer.
  • Vendors who remain on the market during the quiet January period may be more motivated to sell their property.

Article Summary

While January is usually a quiet month for house hunting due to most people being on holiday, it remains a potential opportunity to find your dream house, with vendors highly motivated for a sale. According to Craig Lowe, managing director at Lowe and Co, there is a limited stock of houses on the market in January which could create significant interest from the buyers due to limited choice.

The article suggests that patience is key for buyers concerned about the limited listing in January. The busiest month for new listings is in March, when people have had enough time to prepare their homes for sale following the holiday period. If a good house is found in January, Lowe advises buyers not to ignore it, but also to be mindful it could be unusually quiet in terms of listings.

Professionals estate agent Shane Brockelbank also highlights the importance of being aware of specific time frames, especially when making offers during the summer period. As a great deal of establishments close over the holidays, it’s important to confirm whether your solicitor will be working in January. Brockelbank suggests pre-arranging availability with a builder for this period if you intend to put in an offer.

Brockelbank also explains that vendors who remain on the market through January may become more open to offers due to the quiet period. As a result, January can potentially be a favourable time to make an offer on a property.

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