A recent report of beyond 7 million home sales over the past four years concluded that the time of year in which a home is listed may be able to shine some light on the likelihood that the house will close for more than asking sales price, as well as how soon the sale will occur.
It’s not surprising that listing a house for sale during the spring saw the biggest return, as the spring is traditionally the craziest time of year for real estate. What is amazing, though, is that listing during the winter came in 2nd!
“Among springtime listings, 18.7 percent of listings fetched above asking price, with winter months listings not far behind at 17.5 percent. While 48.0 percent of homes listed in in the spring months sold within thirty, 46.2 percent of listing in winter did the same.”
The research goes on to say that:
“Buyers [in the winter] often need to move, so they are much less likely to make a low offer and they’ll often want to close ASAP — 2 things that may make the transaction much easier.”
If you are thinking about listing your Eau Claire County home for sale in 2020, keep in mind that the spring is when most other homeowners will decide to list their homes also. Selling your property this winter will help ensure that you have the best exposure to the serious buyers who are out looking 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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