A recent study of over seven million property sales over the past four years revealed that the season in which a home is listed may be able to shine some light on the chances that the home will close for more than asking sales price, as well as how fast the sale will close.
It’s no surprise that listing a house for sale during the spring saw the best return, as the March, April and May is almost always the busiest season for home sales. What is surprising, though, is that selling during the winter months came in second!
“Of springtime listings, 18.7 % of listings got above asking price, with winter listings not far behind at 17.5 %. While 48.0 percent of homes listed in spring sold within 30 days, 46.2 percent of homes in winter did the same.”
The research goes on to say that:
“Buyers [in the winter] sometimes need to move, so they’re much less likely to make a lowball offer and they’ll often want to close fast — two things that may make the sale much easier.”
Bottom Line
If you are thinking about listing your Douglas County home for sale in 2020, keep in mind that the spring is when most other sellers will decide to sell their homes as well. Selling your home this winter will help ensure that you have the best visability to the serious buyers who are out looking now!
The study 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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