A recent report of greater than seven million property sales over the past many years revealed that the season in which a property is listed may be able to shine some light on the likelihood that the property will sell for more than asking price, as well as how soon the sale will close.
It’s not surprising that listing a house for sale during the March, April and May saw the biggest return, as the spring is usually the busiest time of year for real estate. What is amazing, though, is that selling during the winter came in second!
“Of springtime listings, 18.7 % of houses 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 research continues on to suggest that:
“Buyers [in the winter] sometimes need to move, so they are much less likely to make a low offer and they’ll often want to close fast — 2 things that can make the sale much smoother.”
If you are thinking about listing your Iowa County home for sale in 2020, remember that the spring months is when most other sellers will choose to list their houses as well. Listing your property this winter will help ensure that you have the absolute 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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In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.
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