PropertyProf Blog

Editor: Stephen Clowney
Univ. of Kentucky College of Law

A Member of the Law Professor Blogs Network

Monday, April 21, 2014

Is Spring the Best Time to Sell a Home?

5688027414_de4be340d0_z

The LA Times investigates:

It's common knowledge verging on holy writ in real estate: Spring is the absolute best time of the year to sell a house. Right? But is there hard statistical evidence that listing your house in April, May or June — flowers blooming, birds chirping, lawns greened up after a tough winter — actually nets you a higher price or a shorter time from listing to sale?

[...]  A study of 1.1 million home listings between 2011 and 2013 in 19 major markets by the national realty brokerage firm Redfin found that, contrary to popular impressions, houses put on the market in winter — defined as Dec. 21 through March 21 — had a 9-percentage-point greater probability of selling within 180 days and at a smaller discount to the initial list price than houses put on the market during the spring months (March 22 to June 21). The advantage jumped to 10 percentage points over summer listings (June 22 to Sept. 20). Winter listers ultimately sold for prices slightly higher than homes listed during any other season.

http://lawprofessors.typepad.com/property/2014/04/is-spring-the-best-time-to-sell-a-home.html

| Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef01a511a3cee0970c

Listed below are links to weblogs that reference Is Spring the Best Time to Sell a Home?:

Comments

Post a comment