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  • Services We Offer
  • Featured Listings
    • 4490 Rosemary Way #2, Hugo MN 55038
  • Sold
    • 98 A South Drive, Circle Pines MN
    • 11311 – 134 1/2 Ave N, Dayton MN 55327
    • 4532 34th Avenue S, Minneapolis, MN 55406
    • 618 Humboldt Ave, St Paul MN 55107
    • 11327 Hanson Blvd NW, Coon Rapids MN55433
    • 10872 President Dr NE, Blaine MN 55434
    • 11319 Hanson Blvd NW, Coon Rapids, Minnesota 55433
    • 1908 87th Trail N, Brooklyn Park MN 55443
    • 7522 162nd Ave NE, Forest Lake, MN
  • House Values
  • Sellers
    • Serious About Selling?
    • “What you need to know to increase your home value…
    • Pre Sale Renovation
    • A Seller’s Guide to Negotiations and Counter Offers when Selling a House
    • Closing Costs When Selling A House In The Twin Cities
    • Home Seller Manual
  • Buyers
    • You Do Not Need 20% Down to Buy NOW!
    • Affording a Home
    • Downpayment Money
    • Right To Purchase Program
    • Home Buyer Manual
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Michaela Gile
  • Buyers, Homeowners, Sellers

The New Spring Real Estate Market is Here. Are You Ready?

  • January 9, 2020
  • by Michaela Gile

Which month do you think most people who are considering buying a home actually start their search? If you’re like most of us, you probably think the surge happens in the spring, likely in April. Not anymore. According to new research, January 2019 was only 1% behind February for the most monthly views per listing on realtor.com.

So, what does that mean? The busiest season in real estate has just begun.

The same research indicates,

“Historically, April launched the kickoff of the home shopping season as buyers would come out of their winter hibernation looking for their new home. However, the spring shopping season now starts in January for many of the nation’s largest markets.”

With the reality of fewer homes on the market in the winter, and that supply naturally increases as we head to the spring market, waiting for more competition to list in your neighborhood this year might put you behind the curve. Perhaps now is the time to jump into the market.

George Ratiu, Senior Economist at realtor.com says,

“As shoppers modify their strategies for navigating a housing market that has become more competitive due to rising prices and low inventory, the search for a home is beginning earlier and earlier.”

There is a lot of speculation in the market about why the search for a home is shifting to an earlier start. The one thing we do know is if you’re thinking about buying or selling a home this year, the earlier you get started, the better.

Reminder: When should you sell something? When there is less of that item for sale and the greatest number of buyers are in the market. That’s exactly what is happening in real estate right now.

Bottom Line

The new spring market for real estate is underway. If you’re considering buying or selling, let’s connect, so you have the advantage in this competitive market.

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In today’s market, you need an expert agent who can help price your house right from the start. Homeowners who make the mistake of overpricing their homes will eventually have to drop the price. This leaves buyers wondering if the price drop was caused by something wrong with the house. In reality, nothing is wrong- the price was just too high!

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