Listing Your St. Cloud House Despite Wacky Reports

Dated: July 23 2021

Views: 67

The decision to go ahead and list your St. Cloud house is often governed by personal and professional developments, but when the timing isn’t dictated by individual circumstances, the performance of the real estate market in general can be decisive. When a pronounced downturn is in the headlines, most homeowners will hold off for a while. Likewise, when a healthy market is being widely ballyhooed, more sellers will list their St. Cloud houses—it’s only natural.

Too, the seasonality factor can also affect the decision. Although July is sometimes thought to be included in the ‘busy season,’ by now, most of the buyers who have planned to be settled into their new homes by the end of summer have finalized their choice (or are in the process of doing so). That is, in most years. This year? It’s anyone’s guess!

Whatever else you can say about real estate in 2021, it was bound from the start to be a peculiar animal. As in so many other areas, the reasons are due to COVID-19. If you are one of those homeowners trying to figure out whether this summer will be a good time to list your St. Cloud house, one thing is certain: ignore the headlines. Any unbelievable ups or downs you read about are just that: don’t believe them.

Take those ‘single-family sales’ increases. The Federal Reserve’s latest Economic Data release shows a near record-setting jump in home sales—from last year’s May sales of 340,000 to this year’s 463,00: a jaw-dropping 36% leap! But that’s very largely due to the one-time displacement due to what was going on last April and May, when the industry was scrambling to adhere to mandated health protective measures. Likewise, when Reuters now headlines “U.S. new home sales tumble…”, that’s compared with this spring’s surge of pent-up demand. For lagging new home sales, another pandemic-borne anomaly was the unique rise in lumber prices (which has since eased).

In other words, right now is a good time to ignore what the headlines suggest—good or bad—or at least read the full details about what’s being reported. Another takeaway for owners deciding whether or not to list their own St. Cloud house: give me a call to discuss how properties like yours are faring right now!

 

Brown Concrete House Near Green Grass Field

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:

Multiple Office Locations To Serve YOU!

Saint Cloud 320-259-4554

Princeton 320-983-3555

Sartell 320-259-4554

Little Falls 320-259-4554

Minneapolis 612-355-1260

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, Brainerd, Nisswa, Aitkin, Albany, Coon Rapids, Sauk Rapids and more!

Blog author image

Noel Johnson

Passion for investing in real estate brought me to create Premier Real Estate Services in 2002. Years of purchasing, developing, and managing several rental properties, while assisting friends & cli....

Latest Blog Posts

City of the Future is a Big Idea—but is it Fun?

It’s probably fair to say that when a typical St. Cloud resident hears some of the more strikingly novel details about what urban life will be like in the future, he or she is likely to take

Read More

St. Cloud Realtors®—Beyond the 230-plus Actions

It wasn't too long ago that we revisited the famous list that cites the more than 230 critical actions that Realtors® may be called upon to perform for their clients. That fabled list continues

Read More

St. Cloud House Flippers: Part of a Popular Group

House-flipping has become a staple in the realm of reality TV entertainment—and why not? One of the deep pleasures of that actual St. Cloud house-flippers experience is the feeling of

Read More

Are the St. Cloud Listings Headed for Fortune’s “Big Shift”?

Last week, Fortune Magazine’s headline may have seemed overblown, but it did its job of capturing the attention of any St. Cloud readers who happened to come across it:“There’s a

Read More