A recent study of exceeding seven million property sales over the past four years revealed that the season in which a home is listed may be able to shine some light on the chances that the property will close for more than asking sales price, as well as how fast the sale will occur.
It’s no surprise that listing a home for sale during the spring saw the largest return, as the March, April and May is almost always the busiest season for home sales. What is surprising, though, is that listing during the winter came in 2nd!
“Among spring listings, 18.7 % of homes got above asking price, with winter listings not far behind at 17.5 %. 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 suggest that:
“Buyers [in the winter] sometimes need to move, so they’re much less likely to make a low offer and they’ll often want to close fast — two things that may make the transaction much easier.”
Bottom Line
If you are thinking about listing your Kenosha County home for sale in 2020, remember that the spring months is when most other homeowners will decide to sell their houses as well. Listing your home this winter will help ensure that you have the best visability to the serious buyers who are out looking now!
The report used the astronomical 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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