A recent study of over seven million property sales over the past several years revealed that the season in which a property is listed may be able to shine some light on the likelihood that the property will sell for more than asking sales price, as well as how fast the sale will occur.
It’s not surprising that listing a home for sale during the spring saw the biggest return, as the spring is traditionally the busiest season for home sales. What is surprising, though, is that selling during the winter came in second!
“Of spring listings, 18.7 percent of homes fetched above asking price, with winter months listings not far behind at 17.5 %. While 48.0 percent of properties listed in in the spring months sold within thirty, 46.2 percent of homes in winter did the same.”
The research continues on to suggest 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 fast — two things that may make the transaction much smoother.”
If you are debating listing your Langlade County home for sale in 2020, remember that the spring months is when most other homeowners will decide to list their houses as well. Listing your property this winter will help ensure that you have the absolute best visability to the serious buyers who are searching 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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