The Best Day of the Year to Buy a House in Minneapolis is December 31

By
Real Estate Broker/Owner with Wayzata Lakes Realty: Eric Kodner Sells Twin Cities Homes
https://activerain.com/droplet/4Rwb

The Best Day of the Year to Buy a House in Minneapolis is December 31

 

According to a study by RealtyTrac which appeared in a recent RISmedia article, the best day of the year to purchase a home in Minneapolis is December 31. 

The article goes on to report that October is the best month nationwide to buy, followed by February, July, December and January.  In approximately 75% of the U.S. real estate markets studied by RealtyTrac, their best buying days of the year occurred in autumn and through the winter months (October through March).

It makes sense that Twin Cities home buyers, as well has home buyers in the north central and northeastern United States, would find less competition and slower buyer activity in winter.  That reduced activity stimulates a trend towards lower prices.  As a result, sellers become more motivated during those winter months.

I suppose I could sum up with the tongue-in-cheek conclusion that any  day of the year is a good time to buy in the Twin Cities.  But realistically (and statistically), the results from the RealtyTrac study serve as good advice to prospective buyers in east central Minnesota that we are entering "prime time" in October for home buying opportunities in the Minneapolis and Saint Paul metropolitan area.

 

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Contact Broker Eric Kodner with Wayzata Lakes Realty about Minneapolis & Saint Paul area properties, including Lake Minnetonka, Edina and the Minneapolis City Lakes area (Lake Calhoun, Lake of the Isles, Lake Harriet). We also sell on the Saint Croix River and on Lake Superior, including Bayfield, Wisconsin and Madeline Island homes.  With sixteen years experience marketing and selling waterfront properties in Minnesota and Wisconsin, we know Lake Minnetonka and Madeline Island real estate.

Wayzata Lakes Realty LLC (Minnesota) and Madeline Island Realty LLC (Wisconsin)

Real Estate Brokerage licensed in Minnesota & Wisconsin

Phone or Text Message 612.670.2539

EMKodner@Gmail.com  or

MadelineIsland@Gmail.com

Wayzata Lakes Realty

 

 

 

 

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Topic:
Home Buying
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Minnesota Hennepin County Minneapolis
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Minnesota Real Estate
Tags:
minneapolis real estate
twin cities
twin cities home buyers
minneapolis and saint paul metropolitan area
prospective buyers in minnesota

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Rainmaker
596,598
Nancy Laswick
United Real Estate - Phoenix, AZ
Your REALTOR® For The Valley Of The Sun

What an interesting statistic Eric Kodner I would never have guessed December 31st but the explanation makes a lot of sense.

Sep 27, 2015 02:28 AM #1
Rainmaker
387,202
Gwen Banta
Sotheby's International Realty - Los Angeles, CA

This is great information, Eric, and wonderful material to use as incentive to buyers who are on the fence about making a purchase.

Sep 27, 2015 05:36 AM #2
Rainmaker
2,801,844
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Eric - I read the report and it is very interesting with valuable information.

Sep 27, 2015 01:39 PM #3
Rainmaker
1,619,992
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I'll have to take a look at that article to see when the best timne is in Minot BUT I stand by the best time is when you find the right house for you. When you find the right house  is $5,000 or $10,000 really that important?

Oct 09, 2015 10:55 AM #4
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Rainmaker
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Eric Kodner

Wayzata Lakes Realty: Twin Cities, Madeline Island
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