People buy homes year-round, but when it comes to putting your home up for sale, is winter a good season to list your home? According to a recent Redfin study, spring was the best time to list a home but winter was not far behind.
According to Redfin’s findings, 18.7 percent of spring listings sell above asking price and 48 percent are off the market within 30 days. Winter was a close second with 17.5 percent of listings selling above asking price and 46.2 percent off the market within a 30-day time period.
While there are pros and cons of purchasing a home in the winter time, there are several pros of listing when snow is on the ground.
For instance, there is usually less homebuyer competition during the winter months but shoppers may be more serious to purchase. Winter home sellers may be more likely to receive offers from buyers who are particularly motivated to move at that time of the year because of a job relocation or change in family dynamic.
If you’re thinking of listing your home yet this winter, see our advice on getting your home in the best shape for selling:
- 6 Characteristics of Home Sellers Who Sold Above Listing Price in 2016
- Selling Your Home: 6 Ways to Make Your Winter Listing Stand Out
- The Top 8 Value-Adding Projects for Home Sellers
- Preparing to Sell Your Home: 13 Do’s & Don’t’s of DIY Home Staging
Planning on purchasing again? Download our free Upsizing and Downsizing Guide for everything you need to know about purchasing a home for second, third or fourth time around.