Get the Skinny on Real Estate Trends in Your Area! January 2017

Get the Skinny on Real Estate Trends in Your Area! January 2017

2016 Closed in line with the rest of the year... No surprises were found when the numbers were crunched and compiled. 

When December 2016 was compared to December 2015 the following housing statistics are reported:

     *Homes for Sale was down 26.3%!!! Leaving 8,197 houses for sale!!! Again, to give that some perspective, there were 27,600 in 2007!

     *Month Supply of Homes for sale was down 30.4% leaving a 1.6 month supply.

     *Pending Sales Decreased 6.5%

     *Closed Sales Increased 2.6%

     *Median Home Prices Increased 4.1% to $228,500

     *Sellers Netted 96% of their list price

If you are thinking about selling, there is no need to wait until spring. There are many buyers out there waiting to buy. Those buyers are waiting for you to list... Be one of the 8,000 houses on the market... Possibly be one of the only houses for sale in your neighborhood... Don't wait until 2-3 of your neighbors list~ Regardless of when you list though, 2017 should prove to be another great year for seller. Let me know how I can help you get your house on the market! 

Find out how much equity you have in your home~

The Full Video from the Minneapolis Area Association of Realtors is below. 

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