A recent study of over 7 million home 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 house will sell for more than asking price, as well as how fast the sale will occur.
It’s no surprise that listing a home for sale during the spring months saw the biggest return, as the spring is traditionally the busiest season for home sales. What is amazing, though, is that selling during the winter months came in 2nd!
“Of spring listings, 18.7 percent of houses fetched above asking price, with winter months listings not far behind at 17.5 percent. While 48.0 percent of homes listed in in the spring months sold within 30 days, 46.2 percent of homes in winter did the same.”
The study continues on to say 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 ASAP — 2 things that may make the sale much smoother.”
Bottom Line
If you are thinking about listing your Jackson County home for sale in 2020, remember that the spring is when most other sellers will choose to sell their homes also. Selling your property this winter will ensure that you have the best exposure to the serious buyers who are searching now!
The study 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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In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.
As a locally-owned, independent company, Realty Solutions Group is deeply committed to supporting the communities and clients we serve. We are constantly evolving, but remain focused on that one simple idea behind our founding.
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