Good Question: What’s The Best Time Of Year To Sell A Home?

MOST WATCHED STATION.

THIS IS WCCO4 NEWS.

WELL, EXPERTS SAY THE SPRING HOUSING SEASON IS OFF TO A SLOW START.

THE NUMBER OF HOMES FOR SALE IS DOWN IN THE TWIN CITIES AND OTHER MARKETS AS WELL.

AND THAT GOT US WONDERING IS THERE AN IDEAL TIME TO SELL YOUR HOME? YEAH, THERE IS.

TYPICALLY PEOPLE THINKING ABOUT SELLING THEIR HOMES ARE ALSO THINKING ABOUT THOSE WARM WEATHER MONTHS WHEN THEY WANT TO DO IT BUT EVEN THEN THERE'S A 2 WEEK PERIOD WHERE PEOPLE FEEL YOU GET THE BIGGEST BANG FOR YOUR BUCK.

THE THEORY IS THE WARM WEATHER MEANS MORE PEOPLE OUT AND ABOUT, WHICH IN TURN MEANS MORE HOME SALES.

THE SUN IS THE BEST REAL ESTATE AGENT YOU CAN FIND.

BUT THE NUMBER OF HOMES BUILT IS WAY DOWN.

WE ARE DOWN IN THE 12,000 AREA RIGHT NOW, ABOUT HALF OF WHAT YOU WOULD EXPECT TO SEE.

WITH FEWER OPTIONS IT'S A SELLER'S MARKET.

BUT THE VERY BEST TIME TO SELL YOUR HOME IS BETWEEN MAY 1 AND MAY 15.

THEIR STUDY SHOWS THAT ON AVERAGE ACROSS THE COUNTRY HOMES SOLD DURING THAT 2 WEEK PERIOD SOLD ABOUT 18 DAYS FASTER THAN HOMES OUTSIDE THAT PERIOD AND THEY ALSO SOLD ABOUT 1% MORE THAN THE AVERAGELISTING.

THIS IS THE TIME WHEN THINGS START TO PICK UP.

THE HEAD OF REAL ESTATE PROGRAMS AT THE UNIVERSITY.

HE SAID SPRING IS A GOOD TIME TO SELL BUT IN MINNESOTA JUNE SALES HAVE BEEN BETTER.

JUNE SEEMS TO BE WHEN WE HAVE THE MOST HOMES THAT GET SOLD.

SAID JUNE IS ALSO WHEN MINNESOTA HOMES SPEND THE FEWEST DAYS ON THE MARKET.

YOU CAN'T GO WRONG IN JUNE, NO.

IT'S A GOOD TIME TO BE ASELLER.

OF COURSE THIS VARIES BASED ON WHERE YOU LIVE.

IN THE SOUTH WITH WARMER WEATHER SALES REALLY HEAT UP IN FEBRUARY AND MARCH.

BOTTOM LINE, IF YOU REALLY WANT TO SELL YOUR HOME OR BUY, YOU CAN MAKE ANY TIME OF THE YEAR WORK IF YOU THINK ABOUT IT.

WE JUST WANT TO SEE A FEW MORE FOR SALE SIGNS.

THE SNOW IS ALMOST ALWAYS GONE BY JUNE.

USUALLY.

YOU CAN MOVE AND GET IT DONE BY LABOR DAY.

THANKS, JOHN.

Source: Youtube

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