Twin Cities Sellers Market – Median Sale Prices Trending Up – Inventory Trending Down

If you are planning to sell and/or buy a single family home in the Twin Cities in 2017 be prepared to act quickly.  For buyers who decided to wait on the side-lines in 2016 be prepared for more of the same.  Homes will be selling pre-list.  Average days on market continues to decline at most price points and neighborhoods on average.

Move-up buyers will benefit from selling first and finding interim housing.  Offers contingent upon the sale of your home may be rejects out right.

The attached twin-cities-housing-market-report provided by the Mpls Area Association of Realtors is a good point of reference for both existing and new construction.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at WordPress.com.

Up ↑

%d bloggers like this: