A recent study of beyond 7 million real estate sales over the past several years demonstrated that the time of year in which a property is listed may be able to shine some light on the likelihood that the home will sell for more than asking sales price, as well as how fast the sale will occur.
It’s not surprising that listing a house for sale during the spring saw the largest return, as the March, April and May is traditionally the busiest time of year for home sales. What is surprising, though, is that selling during the winter months came in second!
“Of spring listings, 18.7 % of houses fetched above asking, 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 30 days, 46.2 percent of homes in winter did the same.”
The research goes 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 sale much easier.”
Bottom Line
If you are debating listing your Outagamie County home for sale in 2020, keep in mind that the spring is when most other sellers will choose to sell their houses as well. Selling your property this winter will help ensure that you have the best exposure to the serious buyers who are searching now!
The study 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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