A recent report of greater than seven million real estate sales over the past several years showed that the season in which a home is listed may be able to shed some light on the chances that the house will close for more than asking sales price, as well as how soon the sale will occur.
It’s not surprising 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 real estate. What is amazing, though, is that selling during the winter months came in 2nd!
“Of springtime listings, 18.7 % of homes fetched above asking, with winter months listings not far behind at 17.5 %. While 48.0 percent of properties listed in spring sold within thirty, 46.2 percent of homes in winter did the same.”
The research continues on to say that:
“Buyers [in the winter] sometimes need to move, so they’re much less likely to make a low offer and they’ll often want to close ASAP — 2 things that may make the transaction much smoother.”
If you are debating listing your Marquette County home for sale in 2020, keep in mind that the spring is when most other sellers will choose to sell their houses also. Selling your property this winter will help ensure that you have the best exposure to the serious buyers who are out looking now!
The study 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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