Redfin says selling homes during the winter works
SEATTLE - If you're planning to sell your home but waiting until the weather is a bit more cooperative Redfin says think again.
Recent numbers released by the Seattle-based online realty company show homes put on the market during winter months actually sell faster and for a little more money compared to the rest of the year.
Redfin evaluated homes listed from March 22, 2011 through March 21, 2013 and found homes listed in winter have a 9 percentage point greater likelihood of selling than homes put on the market in spring.
The online realty company collected data across 19 markets, including Seattle, and in each case Redfin says sellers were better off listing their homes in the winter than during any other season.
According to the numbers, the likelihood of selling a home in six months when listed in the winter in Seattle is 66 percent, compared to 54 percent in the spring and summer.
Redfin says rising mortgage rates are one reason why it may help to list a home this winter as opposed to waiting until spring.