It’s a commonly held opinion – home owners don’t sell during the holiday/winter months. But is it valid?
If you look at certain data then yes but according to an article published by REALTOR Magazine there is money to be made when winter comes a knocking….
Sorting the number of homes that sold above list price by season shows:
Spring: 18.7%
Winter: 17.5%
Summer: 15.1%
Fall: 14.7%
The article adds:
“You may have fewer people looking to buy, but those who are looking are serious,” says Michelle Leader, a Redfin real estate professional in Oklahoma City. “Buyers that time of year 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.”
Also, sellers will often find less competition in the winter, allowing their home to stand out more, Leader says.”
Sourcing from a Redfin blog post they also break things down by city:
For the entire article click here.
