Timing is everything when selling your home, especially in Minnesota. Ideally, you want to list your property during a period when buyers are actively searching and more likely to close a deal. However, the Minnesota real estate market (like many others) can be unpredictable, making it a challenge to pinpoint the absolute “perfect” time to sell.
When exactly is the best time to list your house on the MLS in Minneapolis? Let our experts at Real Estate Corners answer that question and help you make an informed choice.
Should you sell now?
Ultimately, this decision should depend on your reasons for selling your house. Some months (usually during the spring and summer) see increased buyer activity, which can potentially mean that you’ll sell your home faster. However, you might fetch a better price in a different month with less competition.
Certain neighborhoods might have peak selling seasons based on their unique appeal. Even your specific community can play a role. Unique features like proximity to parks or great schools could be selling points that resonate with specific buyers.
Weather can also impact your timing, especially when listing your home on the MLS in Minneapolis. Real estate professionals often recommend selling your home at a time with more sunny days, as that makes the outdoors more pleasant. March is a great time to prepare for the sale when the housing demand is high, and the inventory is tight.
Check real estate trends
You can also time your listing based on real estate trends. The current median home price in Minnesota as of March 2024 is $323,600, but this is expected to rise throughout the year. Beyond the increasing home prices, you should also check the mortgage rates. They were lower than the 7.79% peak from October 2023 but are significantly increasing. The current 6.74% mortgage rate is favorable for more homeowners.
List your home with us!
If you want to take advantage of these trends and the current season, list your home on the MLS in Minneapolis with us now. We’ll keep it simple and affordable with our flat-fee MLS service and FSBO package. Call us at (612) 483-1230 so we can get started soon!
