There are many great Minneapolis area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (952) 303-4347 or 952) 303-4347 for a FREE home buying or selling consultation to answer any of your real estate questions.
- Sales are down by 12.8% since last year, but this is not too concerning...
- This is because our median sales price has surged by 12.4%, or by $20,000 on average.
- The average sales price changed from $160,000 to $179,900.
- Inventory has dropped by 10.6%, and this is directly related to the rise in sale price.
- When inventory declines, consumers find more value in the available properties, which makes them fight for the best offer and this eventually results in higher prices for homes.
- Low Inventory = Higher Sale Prices
- There is actually only a 2.7 month supply of homes right now!
- This is extremely low, so if you're thinking of selling, you will want to do so now.
- As we approach spring, you have a great chance to maximize the equity in your property.
- Buyers will be swarming to your property with the extremely low amount of inventory.
Hopefully this information has been helpful to you. Please feel free to contact me for a free market analysis of your home or if you would like to discuss your options within this market. Consider me your resource for real estate.
You can reach me at (952) 303-4617 or contact me via email at greg@teamwinegarden.com
