A recent study of beyond seven million real estate sales over the past many years demonstrated that the time of year in which a property is listed may be able to shine some light on the chances that the house will close for more than asking price, as well as how fast the sale will close.
It’s no surprise that listing a home for sale during the March, April and May saw the best return, as the spring is traditionally the busiest season for home sales. What is amazing, though, is that listing during the winter came in 2nd!
“Of spring listings, 18.7 percent of listings got above asking, with winter months listings not far behind at 17.5 %. While 48.0 percent of properties listed in spring sold within thirty, 46.2 percent of homes in winter did the same.”
The study goes on to say 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 — 2 things that can make the transaction much easier.”
If you are debating listing your Walworth County home for sale in 2020, keep in mind that the spring months is when most other homeowners will choose to list their houses as well. Selling your property this winter will help ensure that you have the absolute best exposure to the serious buyers who are out looking now!
The study 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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