A recent study of beyond 7 million real estate sales over the past four years demonstrated that the time of year in which a property is listed may be able to shine some light on the possibility that the house will sell for more than asking price, as well as how fast the sale will occur.
It’s no surprise that listing a house for sale during the spring months saw the best return, as the March, April and May is traditionally the craziest season for home sales. What is amazing, though, is that listing during the winter months came in 2nd!
“Of springtime listings, 18.7 percent of homes got above asking price, with winter listings not far behind at 17.5 percent. While 48.0 percent of homes listed in in the spring months sold within 30 days, 46.2 percent of homes in winter did the same.”
The study continues 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 quickly — 2 things that can make the sale much easier.”
Bottom Line
If you are debating listing your Washburn County home for sale in 2020, remember that the spring months is when most other homeowners will choose to sell their homes also. Listing your property this winter will ensure that you have the 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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In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.
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