This fall and winter I shared several of the Minneapolis Association of Realtors Market Updates.  Each time I urged buyers to buy know because it would be a buying frenzy in the Spring.  So far that prediction has been on target.  Almost every time I go to make an offer there is another offer.  Homes are getting bid up over list price in several cases.

Has you can see below the pending sales have increased and new listings have decreased.  The good sign this Spring is the median sale price has started to increase over last year!  Good news for home sellers.  For buyers there are still good interest rates and good deals but there is a lot of competition so you need to be ready to pay at or above asking price on most properties.

 

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In the Twin Cities region, for the week ending April 14:

 

 • New Listings decreased 9.5% to 1,637

 • Pending Sales increased 25.5% to 1,170

 • Inventory decreased 27.8% to 17,384

 

For the month of March:

 • Median Sales Price increased 7.1% to $149,900

 • Days on Market decreased 9.6% to 145

 • Percent of Original List Price Received increased 3.8% to 92.1%

 • Months Supply of Inventory decreased 38.0% to 4.7

 

 

 

 


 

Chuck Carstensen is a Realtor with The Discovery Team (RE/MAX Results.) in Elk River, MN.  Helping buyers, sellers and investors in great Minnesota counties like Sherburne, Isanti, Wright, Anoka, Chisago, Hennipen and Mille Lacs. He is a Certified Distressed Property Expert (CDPE).

Contact Chuck by emailing him at chuck@thediscoveryteam.com or by phone at 763-635-7228. 

Find me on the following:     

 

 
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1 Comments on Twin Cities/Minnesota April Market Update

APR
24
2012
631,975 Points 3 Featured Posts Outside Blog Attended Rain Camp

Good morning Chuck,

Wonderful to hear the new trends for your area.  Here in the Dallas area, we are also seeing low inventory with higher price points, and homes available in multiple offer situations.
2:20am • #1


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Chuck Carstensen

Elk River, MN

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RE/MAX Results

Address: 650 Dodge Avenue, Elk River, MN, 55330

Office Phone: (763) 635-7228

Cell Phone: (612) 290-3809

Email Me

I help buyers, sellers and investors with their real estate needs. In this blog I post my listings and give real estate, social media and personal development tips. I enjoy giving people tips, suggestions and hints that can improve their business and life.




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