A recent report of over seven million real estate sales over the past four years revealed that the time of year in which a home is listed may be able to shed some light on the chances that the home will close for more than asking sales price, as well as how soon the sale will close.
It’s not surprising that listing a home for sale during the March, April and May saw the biggest return, as the March, April and May is traditionally the craziest time of year for home sales. What is amazing, though, is that listing during the winter months came in 2nd!
“Among spring listings, 18.7 % of houses got above asking, 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 homes in winter did the same.”
The study goes on to suggest that:
“Buyers [in the winter] often need to move, so they are much less likely to make a low offer and they’ll often want to close ASAP — two things that may make the sale much smoother.”
Bottom Line
If you are thinking about listing your Sauk County home for sale in 2020, keep in mind that the spring is when most other homeowners will decide to list their houses also. Selling your property this winter will ensure that you have the best exposure to the serious buyers who are out looking now!
The report 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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