A recent report of greater than seven million real estate sales over the past four years revealed that the time of year in which a property is listed may be able to shed some light on the possibility that the house will close for more than asking price, as well as how soon the sale will close.
It’s no surprise that listing a house for sale during the spring saw the biggest return, as the spring is traditionally the craziest season for home sales. What is surprising, though, is that selling during the winter came in 2nd!
“Among springtime listings, 18.7 % of homes got above asking, with winter listings not far behind at 17.5 %. While 48.0 percent of homes listed in in the spring months sold within 30 days, 46.2 percent of listing in winter did the same.”
The research continues on to say 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 fast — 2 things that can make the sale much smoother.”
If you are thinking about listing your Milwaukee County home for sale in 2020, keep in mind that the spring is when most other sellers will decide to list their houses as well. Selling your property this winter will help ensure that you have the absolute best exposure to the serious buyers who are out looking now!
The study used the astronomical 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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