A recent report of greater than 7 million property sales over the past several years demonstrated that the time of year in which a home is listed may be able to shine some light on the chances that the home will close for more than asking price, as well as how fast 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 March, April and May is traditionally the craziest time of year for home sales. What is amazing, though, is that listing during the winter months came in 2nd!
“Among springtime listings, 18.7 % of homes fetched above asking, with winter months listings not far behind at 17.5 percent. While 48.0 percent of properties 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 are much less likely to make a lowball offer and they’ll often want to close fast — two things that may make the sale much smoother.”
Bottom Line
If you are debating listing your Iron County home for sale in 2020, remember that the spring months is when most other sellers will choose to sell their homes also. Selling your property this winter will help 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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