A recent report of greater than 7 million real estate sales over the past many years showed 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 sales price, as well as how quickly the sale will close.
It’s no surprise that listing a house for sale during the spring months saw the biggest return, as the spring is usually the busiest time of year for home sales. What is surprising, though, is that selling during the winter months came in 2nd!
“Of spring listings, 18.7 % of houses fetched above asking, with winter listings not far behind at 17.5 percent. While 48.0 percent of properties listed in in the spring months sold within 30 days, 46.2 percent of homes in winter did the same.”
The research goes on to say that:
“Buyers [in the winter] often need to move, so they’re much less likely to make a lowball offer and they’ll often want to close ASAP — 2 things that can make the sale much smoother.”
If you are debating listing your Lafayette County home for sale in 2020, remember that the spring months is when most other sellers will choose to list their homes as well. Selling your property this winter will help ensure that you have the absolute 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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In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.
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