Barker and Hedges Real Estate Blog

The Best Time to Sell in the Twin Cities

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Throughout the year, one question we hear a lot is this: "When is the best time of year to sell my home?" We looked back over the last 15 years, and we found that sellers achieve the most success during the month of February.

Some of you may be surprised at this since February in Minnesota is so cold and sees a high amount of snowfall. The facts are pretty clear, though. In February, there is a significant amount of buyers, and inventory levels are 25% lower than the rest of the year. This means there is less competition for sellers, and the buyers that are out there are serious about purchasing a home.

That said, February buyers are often concerned about the yard. Since the yard can be covered in snow, the buyers won't know what it looks like. We recommend taking professional photographs of the property before any snow hits the ground. Those pictures will give buyers the confidence to move forward. Buyer confidence results in higher rewards for the seller.

If you need a professional photographer to take photos of your property, we can provide one for you. If you have any other questions...

Are We in a Buyer's or Seller's Market?

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation 

Today, we'll discuss the current state of the Twin Cities real estate market. It is important to have historical context when talking about current real estate trends so that you can understand exactly what is happening in the market.

For instance, we consider it to be a balanced market when we have somewhere between 21,000 and 23,000 listings on the market. Right now, we have 17,000 listings. We all remember the market crash. At the peak of the market, we had 35,000 listings. As you can see, we are significantly down from the peak, and we're below the balanced market rate. Right now, with our low inventory, sellers do have the upper hand.

Now, let's look at pricing. January 2012 was the bottom of the market with a median sales price of $140,000....