A recent study of more than 7 million property sales over the past four years concluded that the season 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 house for sale during the March, April and May saw the biggest return, as the March, April and May is almost always the craziest time of year for home sales. What is surprising, though, is that selling during the winter months came in second!
“Of spring listings, 18.7 % of houses fetched above asking, with winter listings not far behind at 17.5 percent. While 48.0 percent of properties listed in in the spring months sold within thirty, 46.2 percent of homes in winter did the same.”
The study 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 ASAP — 2 things that may make the sale much smoother.”
If you are thinking about listing your Chippewa County home for sale in 2020, remember that the spring is when most other homeowners will choose to list their houses as well. Listing your property this winter will help ensure that you have the best exposure to the serious buyers who are searching now!
The report used the seasons to figure out 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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