A recent report of beyond 7 million home sales over the past four years revealed that the season in which a home is listed may be able to shed some light on the likelihood that the home will close for more than asking sales price, as well as how fast the sale will close.
It’s not surprising that listing a house for sale during the March, April and May saw the best return, as the spring is traditionally the craziest time of year for home sales. What is amazing, though, is that listing during the winter months came in 2nd!
“Among springtime listings, 18.7 percent of homes got above asking price, with winter listings not far behind at 17.5 percent. While 48.0 percent of homes listed in spring sold within thirty, 46.2 percent of listing in winter did the same.”
The research continues on to suggest 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 quickly — two things that can make the sale much smoother.”
Bottom Line
If you are debating listing your Pepin County home for sale in 2020, remember that the spring months is when most other sellers will choose to list their homes as well. Selling your home this winter will help ensure that you have the best exposure to the serious buyers who are searching now!
The study used the 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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