A recent study of beyond seven million home sales over the past many years concluded that the time of year in which a property is listed may be able to shed some light on the possibility that the property will sell for more than asking price, as well as how soon the sale will occur.
It’s no surprise that listing a home for sale during the March, April and May saw the largest return, as the March, April and May is usually the busiest season for real estate. What is surprising, though, is that selling during the winter months came in second!
“Among springtime listings, 18.7 % of houses got above asking, with winter listings not far behind at 17.5 %. While 48.0 percent of homes listed in spring sold within thirty, 46.2 percent of homes in winter did the same.”
The research goes on to suggest that:
“Buyers [in the winter] often need to move, so they’re much less likely to make a lowball offer and they’ll often want to close quickly — 2 things that may make the sale much smoother.”
Bottom Line
If you are debating listing your Buffalo County home for sale in 2020, remember that the spring is when most other homeowners will choose to sell their houses also. Selling your home this winter will help ensure that you have the absolute 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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In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.
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