The Spring Selling Season: New Listings by Month
The Twin Cities Spring real estate market is a bit of a chicken and egg question. Do the buyers come out first, then the sellers respond by putting their homes on the market? Or, do the sellers put their homes on the market drawing out buyers? What we've seen as a general trend in the Twin Cities, is; over the years, there has been a reliable pattern that sellers begin to put homes on the market in February, after the Super Bowl. From there, the numbers of new listings per month continues to rise. It will be interesting to see how the 2017 market plays out.
Along with the general seasonal trends we see in the overall market, the Country Club neighborhood, as noted in the chart below, saw a large number of new listings in the $500K-$1M (red) range in the first quarter of 2016 (7 listings) versus that of 2017 (4 listings). While the pace of new listings for homes in the $1M to $2M (green) range are holding steady from 2016 to 2017 with 5 new listings. Also notable, there were three $2M+ listings (purple) in all of 2016, yet there haven't been any new listings in that price range so far in 2017.
This chart is interactive, slide cursor over graph for detailed information.
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