Merry Christmas!!
December 25, 20144 Reasons Buying a Home at the End of the Year is Brilliant
December 30, 2014If you’re waiting until spring to put your home on the market, you’re going to want to take a look at these numbers. During the winter, a home will on average sell a week faster, and sell for 1.2 percentage points more relative to list price than homes listed in any other season. Here’s a breakdown of the key selling metrics we looked at:
Home Selling Metrics by Listing Season
| Season | Likelihood of Selling within 6 Months | Average Sale-to-List Price Ratio | Average Days on Market |
|---|---|---|---|
| Winter (Dec. 21 – March 21) |
65% | -2.3% | 26 |
| Average of Non-Winter Seasons | 56% | -3.5% | 33 |
| Spring (March 22 – June 21) |
56% | -3.5% | 32 |
| Summer (June 22 – Sept. 20) |
55% | -3.6% | 32 |
| Fall (Sept. 21 – Dec. 20) |
57% | -3.5% | 34 |
The data contradicts the popular sentiment that selling a home during winter is more difficult because there are fewer people looking to buy. Further, the advantage of selling a home in winter holds true in temperate climates as well as those with harsh winters. Home sellers were better off listing their homes in the winter than during any other season.