Is now a good time to buy in the Twin Cities?
Answered by Chris Deutsch, Founder & Editor
Licensed Minnesota Realtor #20382264 ·
The short answer
The right time depends more on your life than on the market. Rates and prices move, and nobody — me included — times the bottom reliably. Here's what I tell people: buy when your income is steady, you plan to stay at least three to five years, and the monthly payment fits without stress. The Twin Cities market tends to slow in deep winter and heat up in spring, so winter can mean less competition for a patient buyer. (Waiting for the "perfect" moment usually costs more than it saves.) If those three boxes are checked, the timing is yours to make.
On stage The 60-second answer
Captions on · Transcript below
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What people in this spot usually ask next.
- The simultaneous buy-sellHow do I time selling my home and buying a new one?Read the answer
- Selling processWhat time of year is best to sell in the Twin Cities?Read the answer
- Selling processWhat's the best time to sell my home in the Twin Cities?Read the answer
- The simultaneous buy-sellShould I sell first or buy first in the Twin Cities market?Read the answer
- Buying processHow much house can I actually afford in the Twin Cities?Read the answer
- Financing & ratesCan we use a HELOC on our current house for the down payment on the next one?Read the answer
From the editor's desk
“As Founder and Editor, I review, correct, and stand behind every answer.”
Is your situation more specific than the market? That's the one worth talking through.