What's The Best Time Of The Year To Buy A Minnesota Home?

What's The Best Time Of The Year
To Buy A Minnesota Home?

To be very honest, there are good times, and bad times of the year to be a home buyer here in Minnesota.

There are also good markets and debt markets, which can be measured by how many homes there are for sale versus the number of people shopping for those homes. Traditionally, in most areas of the nation the last two weeks of December have the poorest home sales. But the entire time span from Thanksgiving to New Year's is still quite weak.

Most people are far more occupied with the holidays, quite honestly, than they are with the sale of their home. This having been said, sellers may also consider otherwise ridiculously low offers, just to have peace and called over the holiday of knowing their home will be sold soon. Especially if that home has been on the market for quite some time, they will be anxious to have an offer on the table.

Conversely, Spring is the time when most MN homes are for sale, but also most buyers are in the market. There will be greater competition for the good deals that are available and sellers will be less likely to negotiate knowing that another buyer may be right around the corner.

Very often because of this trend, sellers will only place their home on the market during the spring summer and fall months, especially in cold climates taking their house off the market for the winter.

If you are also selling your currently own home to purchase a new home, if you have the financial wherewithal, it may be to your advantage to buy a new home in the winter and sell your old home a couple months later in the spring.

Traditionally, April, May and June are the strongest sales months of the year. This is not only based on the ease of moving bring more months, but also correlating to academic calendars.

Testimonials

"Alex is hands down the best realtor with whom we have ever worked. My husband and I have purchased property in Florida and Twin Cities with Alex and have found her to be knowledgeable, conscientious and vigilant.

There is always an immediate response, no matter how many questions are asked of her. We know we can trust her as she is ethical personally as well as in business.

Alex goes above and beyond property investment and has coached us with great expertise on wealth building as she owns investment properties herself. Alex has a great team with whom she works, and we will definitely do repeat business with Alex and have a property pending now."

Bob and Jackie Matzen
Eden Prairie, MN
JPMatzen@Aol.Com

Number of Properties
Purchased With Alex: 3
Total Investment Property Value: $415,000
Business: Mfgrs Rep

 

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