If you’re a Minneapolis homeowner considering when to sell, remember that timing is key. Selling your home involves more than just setting a price and showcasing its attractive features. The timing of your Minneapolis home sale can affect not only how quickly it sells but also the potential profit. Knowing the optimal time to list is crucial, and staying informed about local real estate trends is a must. Consulting a realtor can also help you make a well-informed decision. Understanding these factors can open the path to a smooth and successful selling experience.
Timing for maximum returns
If your primary objective for your Minneapolis homes for sale by owner is to maximize profits, consider the months of March, May, June, and September. These months typically hold promise for higher returns, with some studies suggesting that a September sale, after listing in June, can potentially yield about 7.55% more than the average annual house price.
Data from 2020 suggests that houses listed in March in Minneapolis were priced higher than those listed in December. May is also seen as a lucrative month to sell, as houses tend to sell for about $30,089 more than the annual average. Conversely, January is often regarded as the least favorable month to sell, with estimated sales prices generally 9.47% lower than the yearly average.
The ideal time for rapid sales
If the objective is to expedite the sale of your Minneapolis homes for sale by the owner, the optimal months to do so are May and July. One school of thought suggests that finalizing the sale in July can potentially lead to a swift transaction, up to 10 days quicker than usual. This implies that listing your property in April increases your chances of a speedy sale in July.
In contrast, others argue that May offers the most expedient sales opportunities in Minneapolis. Homes sold in the first half of May tend to close approximately 18 days sooner than at other times of the year. On average, houses sold in May remain on the market for around 29 days, which is 24 days less than the yearly average. Conversely, January is traditionally viewed as the least favorable month for swift sales, with homes typically remaining on the market for an average of 73 days, which is 17 days slower than the norm.
At Real Estate Corners, we understand that selling your home can be a complex process. We’re dedicated to simplifying this journey by offering expert insights and personalized guidance tailored to your specific needs. If you’re considering putting your Minneapolis homes for sale by owner, we’re here to help you navigate this crucial decision and make it a rewarding experience. Contact us today to make the most out of your home sale journey. We are eager to help you turn the key to your successful home sale.