Have you heard the news? The Twin Cities real estate market is on the upswing and, if you’ve been waiting for the perfect moment to sell your home — this is it! Why?
* Median sales price has increased 12 percent
* Days a home spent on the market has decreased 28 percent
* Pending sales have increased 17 percent
* Inventory decreased 28 percent
All this information adds up to the number one reason to list your home for sale today: It will sell.
Need another reason? Odds are good that it will sell quickly and at or above your asking price, as determined by your Realtor.
This data, from the Minneapolis Area Association of REALTORS, paints a new picture for Twin Cities metro area sellers: Your home will likely command a higher sales price, it will be on the market for less time and fewer people are selling their homes, so those homes are being snatched up quickly. With all the positive trends that point to a seller’s market, what could home owners possibly be waiting for?
Twin Cities home sellers may have been putting off the sale of their home due to the unpredictable weather and the winter that seemed like it would never end, but spring has sprung and buyers are stirring and ready to move. Other sellers are facing a potential short sale and are unsure the time is right to sell and move on.
If you’re considering selling your home, regardless of your equity situation, contact us today. We can help you determine if now is the perfect time to list your home today and possibly even get it sold tomorrow.