A recent study of beyond seven million home sales over the past four years showed that the time of year in which a home is listed may be able to shine some light on the chances that the property will sell for more than asking price, as well as how fast the sale will occur.
It’s no surprise that listing a house for sale during the spring saw the best return, as the spring is traditionally the craziest time of year for real estate. What is amazing, though, is that listing during the winter months came in second!
“Of springtime listings, 18.7 percent of listings got above asking price, with winter months listings not far behind at 17.5 percent. While 48.0 percent of homes listed in in the spring months sold within 30 days, 46.2 percent of listing in winter did the same.”
The research continues on to say that:
“Buyers [in the winter] often need to move, so they’re much less likely to make a low offer and they’ll often want to close quickly — 2 things that may make the transaction much easier.”
If you are debating listing your Barron County home for sale in 2020, remember that the spring is when most other sellers will choose to sell their homes also. Selling your home this winter will ensure that you have the best visability to the serious buyers who are searching now!
The study used the seasons to determine which season the listing date fell into (Winter: Dec. 21 – Mar. 20; Spring: Mar. 21 – June 20; Summer: June 21 – Sept 21; Autumn: Sept 21 – Dec. 20).
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