Selling Your Home in Minnesota? Partner with the Top Realtor for Maximum Returns

Sell Your Home Now

Selling a home, Real Estate Market Conditions, Minneapolis-Saint Paul Housing Market

Selling your Twin Cities Minnesota Home

6 Reasons to Sell Your Home Now

The last several years have been tough for some families who wanted to sell and move to a bigger home. Often they found they owed more on their property than it would bring on the current market. Perhaps they did not see themselves "underwater" but needed more equity to finance that purchase.

There are empty nesters who no longer want the responsibility or expense that comes with the 4 or 5 bedroom property and are ready to downsize to a smaller house, a townhouse, or even that trendy chic loft downtown they have always wanted.

Are you a potential seller waiting for the right time to list your house for sale? Let's look at current market conditions because now may be the time to make a move!

1. Current inventories of properties for sale are low

Inventory levels of houses for sale continue to remain low.  The Market Activity Report published by the Minnesota Area Association of Realtors for March reported that new listings had increased 5.5%, inventory decreased 4.1% and month's supply of inventory decreased 6.1%

2.  Low inventory levels lead to increased values 

It's all about that beautiful law of supply and demand, folks!  In the same Market report, although inventory was down, the median sale price for the same period increased 7.6%.

3. Low inventories mean a faster sale

And from that same report, days on the market decreased 12% while, as a bonus, the percentage of original list price received was 95%.

4. Interest rates are still low

Although interest rates are still at record lows, the prediction is...