A recent report of more than seven million real estate sales over the past several years showed that the season in which a home is listed may be able to shed some light on the likelihood that the house will close for more than asking price, as well as how quickly the sale will close.
It’s not surprising that listing a house for sale during the spring saw the largest return, as the March, April and May is traditionally the busiest season for real estate. What is amazing, though, is that listing during the winter came in second!
“Among springtime listings, 18.7 percent of homes fetched above asking, with winter months listings not far behind at 17.5 percent. While 48.0 percent of homes listed in spring 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 are much less likely to make a lowball offer and they’ll often want to close ASAP — 2 things that can make the sale much smoother.”
If you are thinking about listing your Dunn County home for sale in 2020, keep in mind that the spring is when most other sellers will choose to list their homes as well. Selling your home 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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