Author Archives: Jonathan Sells

WEEK OF 11/2/19 PENDING SALES INCREASED AND INVENTORY DECREASED

The 13 county Twin City Metro area experienced an increase pending home sales while a decrease in overall inventory by 5.5%.  And according the Minneapolis Area Association of Realtors the median home price increased 6.8%.   As we get into 2019 typically the Twin City housing market will see a decrease in new listings while the buyers tend to experience less competition during their home search. 

Recent Housing Report

What is a “Balanced Market”

As we’re starting to see some rebalancing within the housing market for some areas both locally and nationally here’s a breakdown helping define each market environment.  If you have any questions regarding the market stats and interested in getting a free home valuation click on the “What’s My Home Worth” on my home page.

Market Definitions

 

Cold Spring Hot Market!

Even though this “spring” housing market in the Twin Cities experienced a winter wonderland, the housing market continues to stay warm.  The imbalance between inventory and buyers still continues as we get into Mid April so overall home sales are down due to the lack of inventory but home prices continue to climb.  Here’s a recent news release from the Minneapolis Area Association of Realtors.  If you have any further questions regarding the housing stats and/or housing forecasts feel free to email, text or call anytime.

April 2018 News Release