A recent report of over seven million property sales over the past many years showed that the season in which a property is listed may be able to shine some light on the likelihood that the home will sell for more than asking price, as well as how quickly the sale will occur.
It’s not surprising that listing a home for sale during the March, April and May saw the largest return, as the spring is traditionally the craziest time of year for real estate. What is surprising, though, is that selling during the winter months came in 2nd!
“Of springtime listings, 18.7 % of listings got above asking price, with winter listings not far behind at 17.5 %. While 48.0 percent of homes 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] often 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 can make the transaction much easier.”
Bottom Line
If you are debating listing your Manitowoc County home for sale in 2020, remember that the spring is when most other sellers will choose to sell their houses as well. Selling your property this winter will ensure that you have the best exposure to the serious buyers who are searching now!
The report used the seasons to determine 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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