A recent study of beyond seven million real estate sales over the past several years showed that the time of year in which a property is listed may be able to shed some light on the likelihood that the house will sell for more than asking price, as well as how quickly the sale will occur.
It’s no surprise that listing a home for sale during the spring months saw the biggest return, as the spring is usually the craziest season for real estate. What is surprising, though, is that listing during the winter months came in second!
“Of spring 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 in the spring months sold within thirty, 46.2 percent of listing in winter did the same.”
The study goes on to say that:
“Buyers [in the winter] often need to move, so they are 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 Oconto County home for sale in 2020, keep in mind that the spring is when most other homeowners will decide 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 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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