A recent study of beyond 7 million real estate sales over the past several years revealed that the season in which a property is listed may be able to shine some light on the chances that the property will close for more than asking price, as well as how soon the sale will close.
It’s no surprise that listing a house for sale during the March, April and May saw the best return, as the March, April and May is usually the busiest time of year for real estate. What is amazing, though, is that selling during the winter came in 2nd!
“Of springtime listings, 18.7 % of houses got above asking price, with winter listings not far behind at 17.5 %. While 48.0 percent of homes listed in spring sold within 30 days, 46.2 percent of homes in winter did the same.”
The research goes on to say that:
“Buyers [in the winter] sometimes need to move, so they’re much less likely to make a low offer and they’ll often want to close ASAP — two things that can make the sale much easier.”
Bottom Line
If you are thinking about listing your Washington County home for sale in 2020, remember that the spring months is when most other sellers will decide to list their houses as well. Listing your property this winter will help ensure that you have the best exposure to the serious buyers who are out looking 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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