Quality > Quantity Buyers (at Least Until After Labor Day)
The Holidays . . . the post-Holidays . . . any stretch in Winter when it’s well below zero.
What do all of those periods have in common?
They’re all predictably slow for housing transactions in the Twin Cities.
Late Summer Slow-Down
The flip side(s) to aforesaid slow stretches: 1) the Buyers who are out looking then are invariably serious, motivated, etc.; and 2) Sellers who list their homes during such lulls beat the influx of new inventory (= competition) that inevitably follows.
Based on my own book of business and what I’m hearing and seeing, this year in particular looks likely to see a surge in new listings after Labor Day.
P.S.: As opposed to the “quiet before the storm” when school resumes next week, this week qualifies as “the storm before the quiet,” at least for families with school-age kids (mine qualifies).