A recent study of greater than seven million home sales over the past several years revealed that the time of year in which a property is listed may be able to shine some light on the likelihood that the house will close for more than asking sales price, as well as how quickly the sale will occur.
It’s no surprise that listing a house for sale during the spring saw the biggest return, as the March, April and May is usually the craziest time of year for real estate. What is surprising, though, is that selling during the winter came in 2nd!
“Among spring listings, 18.7 percent of homes got above asking price, with winter 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 goes on to suggest 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 fast — two things that can make the sale much smoother.”
Bottom Line
If you are debating listing your Calumet County home for sale in 2020, remember that the spring is when most other homeowners will decide to sell their houses also. Selling your home this winter will ensure that you have the absolute best exposure to the serious buyers who are searching now!
The report 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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