A recent study of greater than 7 million real estate sales over the past four years demonstrated that the season in which a home is listed may be able to shine some light on the chances that the house will close 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 spring saw the best return, as the March, April and May is traditionally the craziest season for home sales. What is surprising, though, is that selling during the winter months came in second!
“Of springtime listings, 18.7 % of homes got above asking, with winter months listings not far behind at 17.5 %. While 48.0 percent of properties listed in spring sold within 30 days, 46.2 percent of homes in winter did the same.”
The research continues 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 ASAP — two things that may make the transaction much easier.”
If you are debating listing your Dane County home for sale in 2020, remember that the spring is when most other sellers will choose to sell their homes as well. Listing your home this winter will help ensure that you have the absolute best visability 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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