More good news. Check out this Press Release from the Mpls Area Association of Realtors. Twelve Consecutive Months of Price Gains Minneapolis, Minnesota (March 12, 2013) Twin Cities homes sold for a higher median price than during the year prior for the 12th consecutive month. This is a significant milestone demonstrating a real and sustainable recovery. Several patterns continued from 2012: pending purchase activity was up, new and existing supply levels were down, prices were higher and distressed market activity eased.
The market is definitely heating up. 3 of my listings sold in the last month - one went into multiple offers. The key to a successful sale is price & condition. I have been telling people that I am cautiously optimistic about the real estate market. Barring no bad economic news, I expect the market to continue on it's recovery. Inventory in the Metro is way down - it decreased 31% to 12,371. That's unheard of. If you are on the fence about selling, NOW IS THE TIME!!!
I have been a Realtor since 1996, serving hundreds of families & single people in the Twin Cities. I grew up in the housing business (my dad is a retired builder & I have two brothers still in the industry)& tell people that I should have started selling real estate right out of High School. I took another path for a number of years, but alas I found my way back to my genes of homes. And I've been there ever since. I'd love to help you either buy or sell your home.
