April Deals Bring May (& June) Closings If you assume that mid-April is the peak of the Spring housing market (correct most years), and that the average lead time to close a home purchase is six weeks (true), that makes the peak for closings . . . right now. In fact, when the last day of the...Read More
Peaks, Troughs, and (September) Stubs Detect any patterns in the chart above? Here’s what I see: –Twin Cities new listings predictably peak each Spring, in late April/early May; –New listings reach their cyclical low each December; –Since the housing market top around 2006, both the new listing peaks and troughs have been successively lower, with one notable...Read More
