Are Stars Aligning To Create A Sellers Advantage

Are Stars Aligning To Create A Sellers Advantage

 As the traditionally fast-moving spring real estate market nears, St. Cloud sellers who will be listing soon have multiple grounds for optimism—with the scarcity of available properties being the most widely publicized. Now it appears that the long-standing national shortage isn’t just continuing: it’s widening.

According to the latest quarterly report from the National Association of Realtors®, buyers in nine out of ten markets they tracked could find 8.5% fewer homes for sale than had been available just one year before. That was in addition to the host of sunny economic conditions (a “soaring stock market, good economy, and low interest rates”) that were further motivating prospective homebuyers. If the number of local listings echoes the national trend, St. Cloud sellers could expect an uptick in competition for this season’s properties.

That was the theme of last week’s lead article in Realtor Magazine. Home Price Hikes Widen Sellers’ Advantageforetold the effect constrained inventory is expected to have on this spring’s real estate activity. New research pointed in the same direction: median listing prices have been rising at the same time housing supplies and days-on-market decline. According to move.com, January patterns “set the stage for a competitive homebuying season.”

Although the principles of supply and demand would certainly lead to the same opinion, U.S. News & World Report gave a less ebullient reason to agree. In last month’s “Why You Should Sell Your Home in 2020,” they put out a ‘bird in the hand’ rationale. “Especially if you’re on the fence about selling this year or next,” they wrote, “sell in an environment that’s more predictable…” For homeowners who love their current homes, they advised waiting “five years” before revisiting the idea of selling. But for those nearer to a decision to sell, they had definite advice: “Don’t play the waiting game.”

If you are one of those St. Cloud homeowners having similar thoughts, it looks like selling this season is definitely worth looking into. Do call!

Decorative Trays on Wall Outside Door

Providing a superior level of informed, professional real estate services to buyers and sellers throughout Central Minnesota. We have agents specializing in residential, commercial, multifamily, new construction, existing, investment properties, foreclosures/REO, and short sales with offices located in:

Five Office Locations To Serve YOU!

Saint Cloud 320-259-4554
Princeton 320-983-3555
Maple Grove 763-565-2000
Hutchinson 320-455-9127
Litchfield 320-298-1140

Premier Real Estate specializes MANY areas around Central MN including Saint Cloud, Waite Park, Rice, Royalton, Sartell, Royalton, Little Falls, Cold Spring, Saint Joseph, Elk River, Monticello, Ramsey, Saint Michael, Andover, Ham Lake, Anoka, Champlin, Buffalo, Glencoe, Brownton, Silver Lake, Kandiyohi, Dassel, Minneapolis, Maple Grove, Saint Louis Park, Saint Paul, Robbinsdale, Crystal, New Hope, Brooklyn Center and more!



Noel Johnson Headshot
Author:
Phone: 320-980-3100
Dated: February 21st 2020
Views: 153
About Noel: Passion for investing in real estate brought me to create Premier Real Estate Services in 2002. Ten ...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Premier Real Estate Services
550 25th Avenue North
St. Cloud, MN
320-259-4554


Other Locations