A recent study of more than seven million home sales over the past many 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 home will close for more than asking sales price, as well as how soon the sale will close.
It’s not surprising that listing a house for sale during the spring months saw the largest return, as the March, April and May is almost always the busiest season for real estate. What is surprising, though, is that selling during the winter came in 2nd!
“Among springtime listings, 18.7 percent of listings fetched above asking, with winter listings not far behind at 17.5 %. While 48.0 percent of homes listed in in the spring months sold within thirty, 46.2 percent of homes in winter did the same.”
The study goes on to say 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 fast — 2 things that may make the transaction much smoother.”
Bottom Line
If you are thinking about listing your Florence County home for sale in 2020, remember that the spring months is when most other homeowners will choose to sell their homes also. Listing your home this winter will help ensure that you have the best exposure to the serious buyers who are out looking now!
The study used the astronomical 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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