Spring has historically and predictably been the best time to list your home for sale, but how far does winter fall behind? The answer is just barely!
On average, spring ranked as the season with the highest likelihood of selling above list price and in 30 days. However– listing in winter is a (very) close second.
According to Redfin’s data analysis of 2016 trends, 18.7% of homes listed in the spring sold for above asking price. In winter, 17.5% sold for above asking price. In spring, 48% of homes sold within 30 days, in winter, that number dropped only to 46.2% of homes sold within 30 days.
So why is winter often overlooked as a prime time to list your home for sale? Perhaps the holiday season, or the colder weather, but if you’re serious about selling, listing in the winter may be your best bet.
In general, there’s less competition from other sellers in winter. While spring can see a rush of homes coming on the market, homes that list in the winter are much more likely to stand out. Also, winter buyers tend to be serious buyers– they often need to move, and are less likely to lowball an offer. This is a good sign for cash sales, quicker close dates, and a smooth transactions.
Are you considering listing your home? Our dedicated agents are working through the winter and would love to talk individual listing strategy with you. Contact us for a consultation or give us a call at 713.364.4003.