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.”
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).
Realty Solutions Group was built around a simple but elusive concept: provide brokers and clients with the highest level of service in the industry through cutting-edge sales, marketing programs and a culture that values innovation, relationships and a strong local focus.
In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.
As a locally-owned, independent company, Realty Solutions Group is deeply committed to supporting the communities and clients we serve. We are constantly evolving, but remain focused on that one simple idea behind our founding.
We are a full service brokerage with discounted commissions. We offer no long term listing contracts, a Performance Guarantee, Smart Seller Program and a Communication Guarantee. Contact us today and let us provide you with the very best real estate experience.