4 Reasons For Heightened December St Cloud Home Sales

4 Reasons For Heightened December St Cloud Home Sales

 Normally, December is a ho-hum month for St. Cloud home sales—and that could well be the case again. Across the nation, 2018’s leadup has performed pretty much as expected. Home sales slowed as the number of home listings stayed in short supply and mortgage interest rates crept upward. So it would surprise no one if St. Cloud home sales followed the national trend.

But instead of a sleepy year-end market, a year-end surprise might be possible. That’s the studied opinion of CNBC’s respected real estate commentator, Diana Olick. December is “usually the slowest month for home sales,” she writes; “but that might not be the case this year.”

Last week’s pronouncement came on the heels of a dynamic stock market swoon but had little to do with that or other financial jitters. She pointed to three unique dynamics that make this December “one of the better times” to both buy and sell:

  • Interest rates. After rate increases having turned “what was a red-hot market into a lukewarm market,” Olick found that buyers are now likely to seize the moment. With mortgage rates hovering below 5% yet almost universally expected to move higher in 2019, that fact alone is “motivating buyers.”

  • Prices. ‘Tis the season for bargain hunters. Web titan Zillow reports seeing a “sharp increase in the share of properties with price cuts.” Although the housing market can always be counted on to let up once the kids get back in school, this year “is shaping up to be more favorable for buyers.”

  • Competition. Quoting Realtor.com’s Chief Economist, “December is the best time of year if you want to avoid competition.” Recent history bears that out, with online views per property normally 21% lower in the final month of the year. After contending with hot competition throughout the rest of the year, buyers may appreciate the reversal.

  • Motivation. With supply and competition at their low points, for both buyers and sellers “motivation is at its high point.” Because the holidays can be an awkward time to buy or sell, those who step up can be counted on to have good reasons. Per Realtor, “Buyers may have to move, and sellers want to get to their next location.”

I agree that this year presents a unique set of circumstances that could power our December St. Cloud home sales beyond what is normally expected. In any case, I’ll be by the phone should you decide to take advantage of the moment!


Five Locations To Serve You!!!

St. Cloud (320) 259-4554

Litchfield (320) 298-1140

Hutchinson (320) 455-9127

Princeton (320) 983-3555

Maple Grove (763) 565-2000


Image result for home sales winter


Noel Johnson Headshot
Author:
Phone: 320-980-3100
Dated: December 11th 2018
Views: 227
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

Recent Blogs

Staging A Bedroom For Everyone - Different bedrooms have different
St Cloud Real Estate And An Answer To One Nagging Question - Gaining insight into today’s .
Housing Affordability Looks To Be Less Of A Hurdle - There are many ways to look at
Inheriting St Cloud Homes Not Without Issues -  The wisdom behind the truism

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