Real estate sales are somewhat seasonal. Here in the Twin Cities we see the highest number of sales closed in June and the lowest number in February or sometimes in January.
The last two years we saw a peak in June and a dip in July, before rebounding in August.
The data used to make the graph comes from the Northstar MLS. The graph was created from a tool called “infoSparks”.
There are also fewer homes on the market during the months that we see the dips in sales.
The homeowners who closed in June probably put their homes on the market while there was still snow on the ground. Some homes sell fast but they were probably on the market before the trees had leaves.