A recent study of over 7 million property sales over the past many years demonstrated that the time of year in which a home is listed may be able to shine some light on the possibility that the property will close for more than asking price, as well as how fast the sale will close.
It’s not surprising that listing a house for sale during the spring saw the best return, as the March, April and May is usually the busiest season for real estate. What is surprising, though, is that selling during the winter months came in 2nd!
“Of springtime listings, 18.7 % of houses fetched above asking price, with winter listings not far behind at 17.5 percent. While 48.0 percent of properties listed in spring sold within 30 days, 46.2 percent of listing in winter did the same.”
The study continues 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 quickly — 2 things that can make the sale much easier.”
Bottom Line
If you are debating listing your Waupaca County home for sale in 2020, keep in mind that the spring is when most other sellers will decide to list their houses as well. Selling your home this winter will help ensure that you have the best exposure to the serious buyers who are searching now!
The report used the astronomical 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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In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.
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