A recentstudyof more than 7 million home sales over the past four years revealed that the season in which a home is listed may be able to shed some light on the likelihood that the home will sell for more than asking price, as well as how quickly the sale will close.
It’s no surprise that listing a home for sale during the spring saw the largest return, as the spring is traditionally the busiest month for real estate. What is surprising, though, is that listing during the winter came in second!
“Among spring listings, 18.7 percent of homes fetched above asking, with winter listings not far behind at 17.5 percent. While 48.0 percent of homes listed in spring sold within 30 days, 46.2 percent of homes in winter did the same.”
The study goes 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 — two things that can make the sale much smoother.”
If you are debating listing your home for sale within the next 6 months, keep in mind that the spring is when most other homeowners will decide to list their homes as well. Listing your home this winter will ensure that you have the best exposure to the serious buyers who are out looking now!
The study 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).
Author:Ron Harmon | Designated Broker Phone: 206-250-9100 Dated: December 7th 2016 Views: 74 About Ron: As a dedicated real estate broker I have helped over 500 families purchase or sell their home and I ...
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"Home selling and buying is incredibly stressful! Thankfully, we had a great agent in Ron Harmon to walk us through the process and make our experience as stress-free as possible. Before we listed, his staging expert helped us make our home show worthy. His professional photographer took amazing photos and video for the web listing. Our home was priced just right for the market. All of this preparation helped us to sell with multiple offers on the first day we listed. We only showed our home once, during the open house! Navigating through the closing process was luckily stress free as well. We always felt like Ron had our best interests in mind and we’re kept informed about every aspect of the process. We could not be more pleased. "