Listing Your Home in Spring is Great, but Listing In Winter Pays Off Too #realestate #homeownership #asset

Source:  Redfin

Certainly, the spring season is the best time to list a home.  Home owners have a better chance of selling for more than the list price in the spring, and there's a greater likelihood for going under contract within 30 days.

However, the spring season just barely budged out the winter as the best time to list, according to a new study by the real estate brokerage Redfin.  Also, sellers will often find less competition in the winter, allowing their home to stand out more.

Making sense of the story:
- Indeed, 18.7 percent of spring listings received above the asking price while winter listings were close behind at 17.5 percent.  What's more, 48 percent of homes listed in the spring sold within 30 days; 46.2 percent of homes in the winter sold within that time frame.

- Redfin's study found that for homes listed in the spring, 18.7 percent sold above list price, in winter 17.5 percent sold above list price, in summer 15.1 percent sold above list price, and in fall 14.7 percent sold above list price.

- Autumn may very well be the trickiest time to sell.  Forty-one percent of autumn listings sold in 30 days or less, and just 14.7 percent of homes sold above list price in the fall, the study showed.

- Listing at the start of the new year may work to a seller's advantage no matter where they live.  Sellers are actually not dependent on living in a cold or warm weather climate when it comes to seasonal fluctuations in the real estate market, with winter and spring remaining the top selling seasons even across markets with colder weather, like Boston.

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