A recent study of more than seven million real estate sales over the past many years showed that the time of year in which a property 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 soon the sale will close.
It’s not surprising that listing a home for sale during the spring saw the largest return, as the March, April and May is usually the busiest time of year for real estate. What is amazing, though, is that selling during the winter came in second!
“Of spring listings, 18.7 % 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 30 days, 46.2 percent of listing in winter did the same.”
The study continues on to say 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 quickly — 2 things that may make the transaction much smoother.”
If you are thinking about listing your Portage County home for sale in 2020, keep in mind that the spring months is when most other homeowners will decide to sell their homes also. Listing 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 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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In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.
As a locally-owned, independent company, Realty Solutions Group is deeply committed to supporting the communities and clients we serve. We are constantly evolving, but remain focused on that one simple idea behind our founding.
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