A recent study of over 7 million home sales over the past four years revealed that the time of year in which a home is listed may be able to shine some light on the chances that the home will sell for more than asking price, as well as how quickly the sale will occur.
It’s no surprise that listing a house for sale during the March, April and May saw the largest return, as the March, April and May is usually the craziest time of year for home sales. What is surprising, though, is that selling during the winter months came in second!
“Of springtime listings, 18.7 percent of listings fetched above asking price, with winter listings not far behind at 17.5 percent. While 48.0 percent of properties listed in spring sold within thirty, 46.2 percent of homes in winter did the same.”
The study goes on to suggest that:
“Buyers [in the winter] often need to move, so they’re much less likely to make a low offer and they’ll often want to close quickly — 2 things that may make the transaction much smoother.”
If you are debating listing your Ozaukee County home for sale in 2020, remember that the spring is when most other sellers will choose to list their houses as well. Listing your property this winter will 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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