AT LAST!!! How to figure out if your real estate market is cooling off or getting hotter!

AT LAST!!!

How to figure out if your real estate market is cooling off or getting hotter!

Real Estate in Minnesota is seasonal. It is HOT in the spring and part way into the summer! How do you decide if you missed the market to sell your home? Do you put it up for sale now or do you wait until spring??? 

These are questions that I get asked in the fall and early winter. Sometimes the question will arise in the late summer as well. 

Forbes.com put together a GREAT article that discusses 8 things you can watch for to determine what your market is doing. The link to the full article is below. 

8 Signs of a Market that is Heating Up!

1) Absorption Rates 

2) Increased Capital Flow

3) Frequency of Inbound Calls

4) Broker Communication

5) Increased Retail Leasing & Rents

6) Active Days on Market

7) Look at Net Migration

8) Consistency of Prices

Full article here