A recent study of exceeding 7 million real estate sales over the past four years showed that the time of year in which a home is listed may be able to shed some light on the possibility that the home will sell for more than asking sales price, as well as how soon the sale will occur.
It’s not surprising that listing a home for sale during the spring months saw the largest return, as the March, April and May is traditionally the craziest time of year for home sales. What is surprising, though, is that selling during the winter came in 2nd!
“Of spring listings, 18.7 percent of listings fetched above asking price, with winter listings not far behind at 17.5 %. While 48.0 percent of properties listed in spring sold within 30 days, 46.2 percent of homes in winter did the same.”
The study goes 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 — two things that can make the sale much easier.”
Bottom Line
If you are debating listing your Richland County home for sale in 2020, remember that the spring months is when most other sellers will choose to sell their houses as well. Selling your home this winter will help ensure that you have the absolute best visability to the serious buyers who are searching now!
The report 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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