A recent study of exceeding seven million real estate sales over the past four years showed that the time of year in which a home is listed may be able to shine some light on the likelihood that the home will close for more than asking price, as well as how fast the sale will close.
It’s not surprising that listing a house for sale during the March, April and May saw the biggest return, as the spring is almost always the busiest season for real estate. What is surprising, though, is that selling during the winter months came in 2nd!
“Among springtime listings, 18.7 percent of houses fetched above asking, 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 study continues on to suggest 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 — two things that can make the transaction much easier.”
If you are thinking about listing your Clark County home for sale in 2020, remember that the spring months is when most other sellers will decide to list their homes as well. Selling your property this winter will help 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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