A recent study of greater than 7 million property sales over the past four years showed that the time of year in which a home is listed may be able to shed some light on the chances that the home will close for more than asking sales 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 spring is almost always the busiest time of year for home sales. What is surprising, though, is that listing during the winter came in 2nd!
“Among springtime listings, 18.7 percent of homes fetched above asking price, with winter listings not far behind at 17.5 percent. While 48.0 percent of properties listed in spring sold within thirty, 46.2 percent of homes in winter did the same.”
The study continues on to suggest 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 ASAP — 2 things that can make the sale much easier.”
If you are thinking about listing your Grant County home for sale in 2020, remember that the spring months is when most other sellers will decide to list their houses also. Selling your home this winter will ensure that you have the absolute 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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