A recent study of more than seven million home sales over the past many years demonstrated that the time of year in which a property is listed may be able to shed some light on the likelihood that the property will sell for more than asking price, as well as how quickly the sale will close.
It’s not surprising that listing a home for sale during the spring saw the biggest return, as the March, April and May is traditionally the busiest time of year for home sales. What is surprising, though, is that selling during the winter came in 2nd!
“Of spring listings, 18.7 % of listings fetched above asking, with winter listings not far behind at 17.5 percent. While 48.0 percent of homes listed in spring sold within 30 days, 46.2 percent of listing in winter did the same.”
The study goes on to say that:
“Buyers [in the winter] often need to move, so they’re much less likely to make a lowball offer and they’ll often want to close quickly — two things that may make the transaction much smoother.”
Bottom Line
If you are thinking about listing your Forest County home for sale in 2020, remember that the spring months is when most other homeowners will decide to list their homes as well. Selling your property this winter will help ensure that you have the best visability to the serious buyers who are searching now!
The study used the 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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In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.
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