A recent study of greater than 7 million home sales over the past many years demonstrated that the season in which a home is listed may be able to shine some light on the likelihood that the property will close for more than asking price, as well as how fast the sale will close.
It’s not surprising that listing a home for sale during the spring months saw the biggest return, as the spring is almost always the busiest season for real estate. What is surprising, though, is that selling during the winter months came in second!
“Among springtime listings, 18.7 percent of homes fetched above asking, with winter months listings not far behind at 17.5 percent. While 48.0 percent of homes listed in spring sold within thirty, 46.2 percent of listing in winter did the same.”
The study goes on to suggest that:
“Buyers [in the winter] sometimes need to move, so they’re much less likely to make a lowball offer and they’ll often want to close quickly — 2 things that may make the transaction much smoother.”
If you are debating listing your Juneau County home for sale in 2020, remember that the spring is when most other sellers will choose to sell their houses also. Listing your home this winter will ensure that you have the best exposure to the serious buyers who are out looking 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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