A recent report of beyond seven million home sales over the past many years demonstrated that the time of year in which a property is listed may be able to shine some light on the likelihood that the home will close for more than asking price, as well as how quickly the sale will occur.
It’s no surprise that listing a house for sale during the March, April and May saw the best return, as the spring is almost always the busiest season for real estate. What is surprising, though, is that selling during the winter came in 2nd!
“Of spring listings, 18.7 % of houses fetched above asking price, with winter listings not far behind at 17.5 %. While 48.0 percent of homes listed in spring sold within 30 days, 46.2 percent of homes 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 fast — two things that may make the transaction much smoother.”
If you are debating listing your Lincoln County home for sale in 2020, keep in mind that the spring months is when most other sellers will choose to list their homes as well. Selling your home this winter will ensure that you have the absolute best exposure to the serious buyers who are searching now!
The report 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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