A recent report of over seven million property sales over the past four years demonstrated that the season in which a property is listed may be able to shed some light on the likelihood that the house will close for more than asking sales 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 biggest return, as the spring is usually the busiest time of year for home sales. What is amazing, though, is that selling during the winter came in second!
“Of springtime listings, 18.7 percent of homes fetched above asking price, with winter months listings not far behind at 17.5 percent. While 48.0 percent of properties listed in spring sold within thirty, 46.2 percent of listing in winter did the same.”
The study continues 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 ASAP — 2 things that may make the transaction much easier.”
If you are debating listing your Marinette County home for sale in 2020, remember that the spring is when most other sellers will choose to sell their homes also. Selling your home this winter will ensure that you have the best visability to the serious buyers who are out looking now!
The report used the astronomical 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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In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.
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