A recent report of greater than 7 million property sales over the past four years demonstrated that the season in which a home is listed may be able to shine some light on the chances that the property will close for more than asking price, as well as how fast the sale will close.
It’s no surprise that listing a home for sale during the spring months saw the largest return, as the March, April and May is almost always the craziest time of year for real estate. What is amazing, though, is that selling during the winter months came in second!
“Among spring listings, 18.7 percent of listings got above asking, with winter months 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 study continues on to suggest that:
“Buyers [in the winter] sometimes need to move, so they are much less likely to make a lowball offer and they’ll often want to close fast — 2 things that may make the transaction much easier.”
If you are thinking about listing your Pierce County home for sale in 2020, remember that the spring is when most other sellers will decide to list their homes as well. Selling your property this winter will help ensure that you have the best visability to the serious buyers who are out looking 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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