Tuesday, May 10, 2016

Low Inventory Levels Spur Sales


It's been a busy spring market.  The inventory levels are still quite low and it is definitely a Seller's Market in most price ranges.  As the spring weather warms up, the market will too.  So if you are thinking of selling, now may be the time.  Contact me for a no obligation Market Analysis & Pricing Strategy.

The home-purchasing season may get a bit competitive this year thanks to low mortgage rates and pent up demand. With pending sales on the rise in many markets combined with a relatively low number of homes for sale, buyers need to act quickly once they find their ideal home.

In the Twin Cities region, for the week ending April 30:
• New Listings decreased 8.8% to 1,869
• Pending Sales increased 5.2% to 1,584
• Inventory decreased 18.7% to 12,966


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