So when is the best time to sell a home in Minnesota anyway? Most people would automatically think summer when asked this question, the reason is because it’s darn cold here in the winter. Or, is this really true? Lets take a look.
First and foremost anytime the economy is good along with warm weather sales are typically at least a little higher. However, what really happens with the winter real estate market in Minnesota?
In January 2020 homes in the Minneapolis area sold in 49 days on average for 98.8% of the asking price which averaged $331,000. Most would consider January being poor weather and the dead of winter so let’s compare this to June. In June of 2020 homes in the Minneapolis area sold in 47 days on average for 98.9% of the asking price which averaged $334,000.
As you can see comparing January of 2020 to June of 2020 the best time to sell a home in Minnesota doesn’t vary much. Keep in mind these numbers we’re also during the outbreak of Covid. When DMG meets with a seller and they ask when is the best time of the year to sell a home in Minnesota we typically reply, when you’re ready. You see, unless there is some sort of economy disaster or another unforeseen reason, homes sell all year long, even in MN when it’s freezing.
If you’d like to know what your home is worth we offer free home valuations with no obligations. If you have us over and we feel you’d be better served by waiting, be it the season or other we will always be up front and let you know. The bottom line is it’s your home, your equity and we are only there to advise on the best move for you.
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