A recent study of greater than 7 million home sales over the past many years showed that the season in which a home is listed may be able to shed some light on the chances that the home will sell for more than asking price, as well as how fast the sale will occur.
It’s not surprising that listing a home for sale during the March, April and May saw the biggest return, as the spring 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 springtime listings, 18.7 % of homes got above asking, with winter listings not far behind at 17.5 percent. While 48.0 percent of homes listed in spring sold within thirty, 46.2 percent of homes in winter did the same.”
The research goes on to suggest that:
“Buyers [in the winter] sometimes need to move, so they’re much less likely to make a lowball offer and they’ll often want to close quickly — two things that may make the sale much smoother.”
Bottom Line
If you are debating listing your St. Croix County home for sale in 2020, keep in mind that the spring months is when most other homeowners will decide to list their homes as well. Selling your property this winter will ensure that you have the absolute best visability 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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