Why Selling this Fall May Be Your Best Move

If you are thinking about moving, selling your house this fall might be the way to go. Here are three highlights of the current housing market that may make your decision to sell this fall an easy one.

1. Buyers Are Still Extremely Active in the Market

ShowingTime, a leading real estate showing software and market stat service provider, recently reported that buyer traffic jumped 60.7% compared to this time last year. That is a huge increase.

It’s clear that buyers are ready, willing, and able to purchase – and they are still in the market right now. In many regions of the country, including here in the Twin Cities, buyers are involved in bidding wars to compete for the home they want. Take advantage of the pent up demand and continued strong buyer activity so you can sell your house for the most favorable terms.

2. There Are Not Enough Homes for Sale

In the latest Existing Home Sales Report, the National Association of Realtors (NAR) announced that there were only 1.49 million units available for sale. That number was down 18.6% from one year ago. In the Minneapolis/St. Paul market there are just over 9,000 homes for sale – down 31.2% from this same time last year. The chart below illustrates this.

This means in the majority of the country, including right here in MN, there aren’t enough homes for sale to satisfy the number of buyers.

Due to the health crisis, many homeowners were reluctant to list their homes earlier this year. That will change as the economy continues to recover. The choices buyers have will increase going into the new year. Don’t wait until additional sellers come to market before you decide to make a move.

3. There May Never Be a More Important Time to Move

You have likely spent much of the last six months in your current home. Perhaps you now realize how small it is, and you need more space. If you are working from home, your children are attending school remotely via distance learning, or you just need more space, your current floor plan may not work for your family’s changing needs.

If you have put your moving plans on hold because can’t find a layout that piques your interest in an existing home, homebuilders continue to build new homes, allowing you to choose the exact floor plan to match what your family needs, making sure the yard and outdoor space is what you want as well.

Bottom Line

The housing market is prime for sellers right now, so let’s connect to talk about your specific situation and options. Getting the process started this fall may work out better than you initially thought. Whether you are interested in a brand new build or something existing, you can find it here, and our team is ready to help. If the timing is right for you and your family, rest assured the market is calling your name.

Learn about our team and connect with us using the following links: visit our website, search the newest listings, check your home value, and learn via our blog.