Record scratch! Redfin just completely flipped the script on the conventional wisdom that winter is lousy time to sell a house ("winter has twenty percent fewer listings added than the spring," they say). Using data from 753,093 places listed between November 2009 and November 2010, they report that houses listed in winter actually sell faster, are more likely to sell at all, and end up selling closest to their original asking prices. And the trend holds strong in Los Angeles, where they found 6.6 percent of winter listings sell vs. 2.1 percent of spring listings. More on the methodology here.
· Should I Wait Until Spring to List My Home? [Redfin]
· Should I Wait Until Spring to List My Home? – Los Angeles Edition [Redfin]