A recent report of more than seven million real estate sales over the past four years revealed that the time of year in which a property is listed may be able to shed some light on the chances that the house will close for more than asking sales price, as well as how fast the sale will occur.
It’s not surprising that listing a house for sale during the spring months saw the biggest return, as the spring is usually the busiest time of year for real estate. What is amazing, though, is that selling during the winter months came in 2nd!
“Among springtime listings, 18.7 % of listings fetched above asking price, with winter months listings not far behind at 17.5 percent. While 48.0 percent of properties listed in spring sold within thirty, 46.2 percent of homes in winter did the same.”
The research continues on to say that:
“Buyers [in the winter] sometimes need to move, so they are much less likely to make a lowball offer and they’ll often want to close fast — 2 things that may make the transaction much easier.”
If you are debating listing your Bayfield County home for sale in 2020, keep in mind that the spring is when most other sellers will choose to sell their homes as well. Selling your home this winter will help ensure that you have the best exposure to the serious buyers who are out looking now!
The study used the astronomical 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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