Twin Cities Market Snapshot in Real Estate

The Twin Cities Real Estate Market is unlike one that I've ever witnessed in my career as a Realtor. 

Twin Cities Housing MArket

The Minneapolis Area Association of Realtors has put together a great data synopsis of the last 3 years and the start of 2017~ and has included several bar graphs showing the changes over time. They are quite interesting. (ok, maybe just to me as I LOVE what I do) BUT, if you have ever thought about selling, this just may interest you as well!!!

 

The second page of the article has bar graphs summarizing all of the categories of data in Real Estate. The first 3 categories (New listing, pending sales and closed sales) don't appear to be that different from year to year. The rest of the categories (Days on Market, List Price, Sales Price, Price Per Sq Ft, % of Original List, Inventory and Month Supply) are all indicative of a SELLER'S MARKET!!! If you have EVER thought about selling your home, NOW is the time to call me and discuss the details... How much equity do you actually have in your home??? What type of home would you be moving to??? etc. I would love to help! Reach out today or when you are ready!

 

The rest of the article breaks down each category in more detail. 

Check out the full Minneapolis Area Association of Realtors Article here!

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Rachel Fredrickson
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