A recent report of exceeding seven million property sales over the past several years demonstrated that the season in which a property is listed may be able to shine some light on the likelihood that the home will close for more than asking sales price, as well as how quickly the sale will occur.
It’s not surprising 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 home sales. What is amazing, though, is that listing during the winter came in 2nd!
“Among springtime listings, 18.7 % of homes got above asking, with winter months listings not far behind at 17.5 percent. While 48.0 percent of properties listed in in the spring months sold within thirty, 46.2 percent of homes in winter did the same.”
The research goes on to suggest 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 may make the sale much smoother.”
If you are thinking about listing your Winnebago County home for sale in 2020, remember that the spring months is when most other homeowners will choose to sell their houses also. Selling your property this winter will 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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