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Sun Valley Homes Sell in Winter
National Association of Realtors statistics tell us that fewer homes sell in winter than spring. Their studies show that in November, home sales slide about eight percent. In January, they slide even more—dropping by a whopping 27 percent.
These numbers make sense: Fewer homes are on the market in the winter, so naturally, fewer homes sell. The media often steps in and trumpets these statistics, adding their own take as to why. But that’s just part of the story.
What is the whole truth about winter real estate? Homes are more likely to sell in winter than at any other time of year. Not only that, they sell quicker and they sell for more money. These statistics hold, at various percentages, whether the home is in balmy San Diego, Calif., or snowy Sun Valley, Idaho.
In fact, according to a late 2013 study, the likelihood of selling a Washington D.C. home within six months in the winter is 67 percent, while it’s only 57 percent in summer and 60 percent in spring.