The Best Time to Sell Your MN Home
Why Early Spring is the Best Time Sell Your Twin Cities Home
Spring has officially arrived! Birds singing, flowers blooming, temperatures rising and “Home for Sale” signs popping up on front lawns like mushrooms in the forest after a rain shower. Now I have not seen any robins yet at my bird feeder, no crocus popping their colorful little heads out of the dirt or forsythia in bloom. What I have witnessed is platoons of serious home buyers out in the market place. Sounds like we have an active market filled with buyers holding pre-approvals, down payments and closing costs in their eager ready-to-buy hands. Isn’t that great? Let’s take a closer look.
Actually it appears the spring home buying season got off to an early start. According to the real estate numbers published by the Minneapolis Association of Realtors for February, pending sales were up 6.7 % with closed sales flat over this time last year. When we take a look at supply of available properties, the number of homes for sale fell 19.4% resulting in the months’ supply of inventory at 2.3, down a whopping 28.1% from last February.