A recent report of greater than seven million real estate sales over the past many years showed that the season in which a property is listed may be able to shed some light on the likelihood that the property will close for more than asking price, as well as how fast the sale will occur.
It’s not surprising that listing a home for sale during the March, April and May saw the best return, as the March, April and May is usually the craziest season for real estate. What is amazing, though, is that selling during the winter came in second!
“Among springtime listings, 18.7 % of homes fetched above asking price, with winter months 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] sometimes need to move, so they’re much less likely to make a low offer and they’ll often want to close quickly — two things that may make the transaction much smoother.”
If you are thinking about listing your Monroe County home for sale in 2020, remember that the spring is when most other sellers will decide to sell their homes as well. Listing your property this winter will help ensure that you have the best visability to the serious buyers who are searching 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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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.
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