A recent study of beyond 7 million home sales over the past four years showed that the season in which a property is listed may be able to shine some light on the possibility that the house will sell for more than asking price, as well as how quickly the sale will occur.
It’s not surprising that listing a house for sale during the spring saw the best return, as the spring is almost always the busiest time of year for home sales. What is surprising, though, is that selling during the winter came in 2nd!
“Among springtime listings, 18.7 % of houses got above asking price, with winter listings not far behind at 17.5 percent. While 48.0 percent of homes listed in in the spring months sold within thirty, 46.2 percent of listing in winter did the same.”
The research goes on to say 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 ASAP — two things that can make the transaction much smoother.”
Bottom Line
If you are thinking about listing your Marathon County home for sale in 2020, keep in mind that the spring is when most other sellers will decide to list their homes as well. Selling your property this winter will ensure that you have the absolute best exposure to the serious buyers who are out looking now!
The study 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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