A recent study of greater than 7 million property sales over the past many years revealed that the season in which a property is listed may be able to shine some light on the likelihood that the house will close for more than asking sales price, as well as how quickly the sale will occur.
It’s not surprising that listing a house for sale during the March, April and May saw the largest return, as the March, April and May is traditionally the busiest time of year for real estate. What is surprising, though, is that selling during the winter came in second!
“Of 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 properties listed in in the spring months sold within thirty, 46.2 percent of homes in winter did the same.”
The research continues on to say that:
“Buyers [in the winter] often need to move, so they are much less likely to make a lowball offer and they’ll often want to close ASAP — 2 things that may make the sale much smoother.”
If you are debating listing your Racine County home for sale in 2020, keep in mind that the spring months is when most other homeowners will decide to list their homes also. 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 astronomical 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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In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.
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