Twin Cities Summer Market Update 2013

Call me if you have specific questions about your neighborhood market at 651.481.6711!

Welcome to my blog! I wanted to give you an update on how the housing market is going and answer a couple questions I’ve been hearing a lot!

What’s happening in our current market compared to this time last year?

Pending sales are up 10% from where they were just 2-3 months ago. They are up 18% from this time last year. So the market has definitely seen a lot more activity!

What price points are selling fastest?
Homes that are priced under $200,000 are selling very quickly. It’s not uncommon for a good property in that price range to see anywhere from 3-6 offers. The reason for this is there is a lot of pent up demand from first time home buyers. They are noticing that prices are going up and interest rates are creeping up, so there is this sense of urgency now to get the best price and rate possible!

I hope this answers some of your questions! Make sure to check out my next videos on what specific things you should do to maximize your profit during a sale and some tips on how to protect your home while you are away on vacation!

Thanks again!