Get the Skinny on Real Estate Trends in Your Area! January 2016

8 years ago

Get the Skinny on Real Estate Trends in Your Area! January 2016

The Minneapolis Area Association of Realtors has released the December 2015 statistics. The link below is predicting a 'balanced market' in 2016. I'm not sure how... Maybe the predicted interest rate increases will slow things down a bit, but with inventory levels this low. It will take a lot of houses to balance this market.

December #'s

Closed Sales up 12.1%

Pending Sales up 12.3%

Number of Homes for Sale down 21.8% leaving a 2.1 month supply of homes for sale

Home Sales Prices up 9.9%

It is a SELLER'S MARKET!!!! Let me help you figure out just how much equity is in your home!