A recent study of greater than 7 million real estate sales over the past four years concluded that the time of year in which a property is listed may be able to shed some light on the chances that the home will close for more than asking price, as well as how quickly the sale will close.
It’s not surprising that listing a home for sale during the March, April and May saw the best 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 came in 2nd!
“Among springtime listings, 18.7 percent of listings fetched above asking, with winter months listings not far behind at 17.5 percent. While 48.0 percent of homes listed in spring sold within 30 days, 46.2 percent of homes in winter did the same.”
The study goes on to say that:
“Buyers [in the winter] sometimes need to move, so they are much less likely to make a low offer and they’ll often want to close quickly — 2 things that may make the sale much smoother.”
If you are thinking about listing your Burnett 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 property 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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