Fargo, ND is a city of just under 220,000 people that, according to Forbes magazine, has a current unemployment rate of 2.8%. That is well below the national average and is a sign of a very healthy economy. That is a positive bit of information to know if you are planning to sell your home. The longer you have your home on the market the harder it is to sell. If people have the impression that if it gets passed over it has an effect. There is no one season that is the best time of year to sell a house over another. There are certain opportunities within each season that can help when it comes to selling your home.
Spring
Spring in Fargo, ND is a time of renewal and there is a feel of "anything is possible" in the air. Everyone knows the big role education plays in the community. College graduates that opt to stay within the community are prime prospects as home buyers.
Once college students graduate and embark on their career they begin to think about purchasing a home, car or even starting a family. With the housing prices being some of the most affordable in the country, it makes sense to market to this particular crowd of potential buyers. This makes the month of May a great month to market your home to first-time home buyers.
Summer
Summer in Fargo is all about family fun. The weather is perfect, and there are all sorts of activities like sports, concerts, biking, swimming and everything outdoors. As the weeks get closer to the start of school, plans are often made to transition from renting a home to buying. With a 2014 median home price of $163,000, it is an attractive and affordable option.
Fargo is justifiably proud that they managed to survive the economic downturn of 2008 and rebound quickly. Housing lenders were more conservative, and you did not see the foreclosure rates hit that devastated the country. They were impacted by a flood of epic proportions the following year and came out on top to have the thriving economy that they have today. This makes late July and early August the best time of year to sell a house to families.
Fall
Fall is a time that sees many college students return to full-time studies, and Fargo is no different. This means more rental properties are needed to provide for the increased housing needs. The population can swell to nearly 1/3 more due to an influx of students. Some will find housing on campus, but many are left scrambling to find a place to stay.
The housing industry is no different than any other. When supply exceeds demand, then you will have an easier time selling. The increase in students coupled with a robust economy makes it a healthy seller’s market. This makes the months of August and September the best time of year to sell a house to investors.
Winter
The winter months in Fargo bring a lot of tourism dollars. They are host to the annual Winter Festival that has taken place since 1928. It draws hundreds and thousands of visitors from both the US and Canada. Many find the atmosphere and friendliness of Fargo very attractive. You have a real, chance of capturing the attention of these people.
The Christmas and New Year holiday also brings a high number of visitors to the residents of Fargo. These both combine to offer a dynamic opportunity to sell your home. It makes the months of December and January the best time of year to sell a house to tourists.
No matter what season people travel to and through Fargo they are pleased to find a progressive and friendly environment. The growing economy with extremely low unemployment numbers has put this city on the map. It is part of what has contributed to a population of nearly a quarter of a million people. It provides the best foundation possible to sell a home. If people can get good jobs, they can afford a mortgage.
The right agent will know how to maximize your opportunities to sell your home at any time of the year. Contact Jeff Shipley today at 701-428-1066 and get started creating the perfect sales strategy.
Comments (0)Subscribe to CommentsComment