When is the best time to sell a home in MN?
When you’re selling a home, it’s in your best interest to maximize the sale price any way you can. In addition to choosing the right listing agent, one consideration that many people tend to overlook is the time of year their home is on the market. While the Minnesota real estate market typically enjoys steady home sales throughout the year, there are certain time periods that are optimal for selling. Learn the best time to sell a house in Minnesota and boost your potential earnings.
When to Sell?
So, the question is, what dates should sellers mark on their calendars? The warmer months from the spring to summer are some of the best times to sell a home in Minnesota. More specifically, May is one of the best months to sell quickly — and for the most money. In fact, homes sold from May 1 to May 15 have historically sold 18 days faster than the average sale for a year. This is a time of year when there are more buyers on the market, which drives competition on bids for homes.
Who is Buying?
Another group of people to consider for spring home sales is buyers with children. The transition between cities can be tough on kids, so parents often try to make the change as seamless as possible. Moving in late spring or early summer gives the family some time to adjust to their new home and neighborhood before the school year begins. Take this into consideration, especially if you live near a local school.
What’s the Lure?
Perhaps as a result of the weather making homes look better, home appraisals also tend to be higher during the month of May and into early summer. It only takes two interested buyers to start a bidding war, which means more money in your pocket when the sale is final.
To get the most out of your home sale, it pays to get strategic. While spring may statistically be the best time to sell a house in Minnesota, it’s possible to meet your asking price any time of the year. To increase your chances of a successful sale, it’s well worth taking the time for staging your home. Read Sarah’s blog post, “Targeted Home Staging” to bring out all the potential in your property. If you’re considering selling, reach out to get some more information!
Newsletter: Real Estate News – June 2022, brought to you by Sarah Marrinan
Twin Cities Market Stats Thru May 2022
Determining the best time to sell likely requires you to reflect on your home and lifestyle. Certain months may have stronger market activity, but what really signifies if you’re ready to sell are the following personal indicators: Read More