With the Super Bowl buzz worn off for folks in Minnesota many have shifting their thoughts to spring – with some considering putting their homes on the market to lure spring buyers. But, when exactly, is the best time to list?
The Super Bowl – Across America, Super Bowl Sunday is seen as the start of the spring housing season. Statistics show that listings and deals skyrocket in many markets in February. Spring is, indeed, our busiest season in Minnesota. But, like our gardens, our market heats up a little later. And, boy, has been HOT recently. Houses are being gobbled up in record time. In 2017, median days on the market in the Twin Cities was right around 30 days.
Go now – One strategy is to get your house ready in the cold of the winter and list as soon as you can to be included in the early spring momentum. As you are reading this, if you are wondering if now is THE time to make a move, connect with us and we can determine if an early spring timeline is smart. But don’t worry…
Waiting a bit is okay – When the local market gets flooded with listings in March, being one of many may not be the best opportunity for your home to grab the spotlight. If you’re still deciding, holding off on listing for a month or even 90 days may be wise as your home will likely be positioned more prominently as a “new listing” among the homes still remaining in the MLS from the initial spring push. Plus you’ll have more time to work through any improvements or staging items you’re considering.
Ultimately, the circumstances for each home owner are unique, and the decision if/when to list typically requires some significant planning to maximize the opportunity. We’re here to help work through the details! Contact us if you or someone you know might need some guidance through a possible spring sale.