It doesn’t feel like it would be, with this cold weather, and all the snow, but January is actually a pretty good month to sell your home in Saskatchewan.
In January of 2013, we had a total of 89 listings on saskhouses.com, and 57 of those listings were reported Sold by their owners. That is a listing to sale success rate of 64.04 percent, which was the best success rate of any month in 2013!
Part of the reason is that there normally aren’t a lot of homes to choose from early in the year, as many sellers wait until spring to list their homes for sale. In January, there are already a lot of buyers in the market, but not as many sellers, which usually means a pretty good success rate for sellers!
And how does that rate compare with the success rate of listings on MLS? It’s a bit tough to compare, but in 2012, the Saskatoon Real Estate Board had a total of 10,857 listings, with 5,564 sales, for a listing to sale success rate of 51.24 %. Our success rate for 2012 was 54.85%. Our success rate for the entire year of 2013 right now is 49.44%, but that includes a lot of properties which were listed within the past 60 days, so I expect that number to increase to about 55% as well within the next couple of months.
The success rate of private sellers on saskhouses.com is just as good or better than the success rate of sellers who choose to market their homes through the MLS system, at a fraction of the cost. And if you are thinking of selling in 2014, it might be better to beat the rush, and list your property before spring.
If you are thinking of selling your home with saskhouses.com, the process is easy as 1-2-3 – you can start by filling out one of our on-line listing forms by clicking here.
If you are thinking of buying, you can view all of our listings by clicking here.