WITH fewer open homes and active agents, Christmas and New Year can be a tricky time to buy or sell a home.
But with a slight market improvement across the state over the past three months, Real Estate Institute of Tasmania president Adrian Kelly says the current climate could translate to a spike in sales.
"The interest rate reductions have put more confidence into the market so I do think it is a good time to be selling," he said.
"Personally, I think we'll have a pretty good run of sales right through to Easter. And then we may see the usual winter slowdown that we've experienced over the last few years."
With Hobart the country's most affordable capital city with a median dwelling price of $305,875, there are many bargains to be had for serious local buyers or those coming from interstate or overseas for a summer holiday.
"It tends to hot up [the market], particularly in Hobart because you've got the Sydney to Hobart, the Wooden Boat Festival and the Taste Festival," Mr Kelly said.
"The agents that do actually work over Christmas and New Year's tend to do OK while we've got lots of mainlanders here.
"It might be a little bit different this year with the market being the way it is. Nevertheless they'll be here and many will look for properties."
Last summer there were 1712 sales across the state and with more than 9000 houses and units for sale, real estate agents and industry professionals are hopeful for even higher sales figures this summer.
Of the properties on the market, around 130 come with a price tag of more than $1 million but Mr Kelly believes prospective visiting buyers may target the cheaper end.
"A lot of them are looking for a little investment property," he said.
jessica.howard@news.com.au
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