A recent report of more than 7 million property sales over the past several years revealed that the time of year in which a property is listed may be able to shine some light on the likelihood that the property will close for more than asking price, as well as how quickly the sale will occur.
It’s not surprising that listing a home for sale during the spring saw the best return, as the March, April and May is traditionally the busiest season for home sales. What is surprising, though, is that selling during the winter came in 2nd!
“Of spring listings, 18.7 % of houses got above asking price, with winter listings not far behind at 17.5 %. While 48.0 percent of homes listed in in the spring months 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’re much less likely to make a low offer and they’ll often want to close ASAP — two things that can make the transaction much easier.”
If you are debating listing your Price County home for sale in 2020, remember that the spring is when most other homeowners will choose to sell their homes as well. Selling your property this winter will help ensure that you have the absolute best exposure to the serious buyers who are searching now!
The report used the 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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