Motivated Sellers During Winter
I was out last night touring properties. I am seeing a lot of price reductions and motivated sellers. This is not unexpected, during winter sales always drop by up to 80%, but it is very interesting to see it play out daily when I am touring properties. Some properties will still command a lot of offers and can and will sell above list price, but if they do it will be because they are priced correctly. If you can buy now it might not be a bad idea because prices are going to go back up in April and May. Unless some big economic drown turn happens history will most likely repeat itself and if you can get a deal you might be saving $30,000-$100,000 on a purchase. For example, in this MLS graph of southwest Minneapolis you can see that from February 2018 to July 2019 prices jump 30% on average.