A recent study of more than seven million property sales over the past four years showed that the season in which a home is listed may be able to shine some light on the likelihood that the house will close for more than asking price, as well as how quickly the sale will occur.
It’s no surprise that listing a house for sale during the spring saw the largest return, as the March, April and May is usually the craziest time of year for home sales. What is surprising, though, is that listing during the winter months came in 2nd!
“Of spring listings, 18.7 % of houses fetched above asking, with winter listings not far behind at 17.5 %. While 48.0 percent of properties listed in spring sold within 30 days, 46.2 percent of listing in winter did the same.”
The research continues on to say that:
“Buyers [in the winter] sometimes need to move, so they are much less likely to make a lowball offer and they’ll often want to close fast — 2 things that can make the sale much smoother.”
Bottom Line
If you are debating listing your Waukesha County home for sale in 2020, remember that the spring is when most other homeowners will choose to list their homes as well. Selling your home this winter will help ensure that you have the absolute best visability to the serious buyers who are searching now!
The report used the astronomical 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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