A recent study of more than 7 million real estate sales over the past many years revealed 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 occur.
It’s not surprising that listing a home for sale during the spring saw the biggest return, as the March, April and May is traditionally the craziest time of year for real estate. What is surprising, though, is that listing during the winter came in 2nd!
“Of springtime listings, 18.7 % of listings fetched 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] sometimes need to move, so they are much less likely to make a lowball offer and they’ll often want to close fast — 2 things that may make the sale much easier.”
Bottom Line
If you are debating listing your Crawford County home for sale in 2020, remember that the spring months is when most other homeowners will decide to sell their houses as well. Listing your home this winter will help ensure that you have the absolute best exposure 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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