A recent study of over 7 million real estate sales over the past four years showed 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 sell for more than asking price, as well as how fast the sale will close.
It’s not surprising that listing a home for sale during the March, April and May saw the best return, as the March, April and May is traditionally the busiest time of year for real estate. What is surprising, though, is that listing during the winter months came in 2nd!
“Among spring listings, 18.7 % of listings fetched above asking price, with winter listings not far behind at 17.5 %. 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 goes on to say that:
“Buyers [in the winter] often need to move, so they’re much less likely to make a lowball offer and they’ll often want to close fast — two things that can make the transaction much easier.”
Bottom Line
If you are thinking about listing your Trempealeau County home for sale in 2020, remember that the spring months is when most other sellers will choose to sell their houses also. Listing your home this winter will ensure that you have the best exposure to the serious buyers who are out looking 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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