January was a very interesting month. After coming of a very slow December there seemed to be a new electricity in our Real Estate market. It almost seems like buyers where just waiting to come out after the holliday season and get a jump start on the market prior to the spring. This is much needed after a very slow December but it also reminds me of 2004 when we saw record gains in Cedar City. I don’t have a cyrstal ball but I am betting 2006 will be a great year for Cedar City real estate.
I believe January is the best month of the year to purchase real estate because many sellers are reducing prices and giving consessions because there home has sat on the market for quite some time over the holiday season. It is also great because it is the start of a new tax year and with some snow on the ground in Cedar City there is not a large amount of Las Vegas and Southern California buyers driving prices up. This makes January and Febuary a perfect time for someone looking for a great deal on an investment or someone looking to buy a house a reduced cost.