Is the Twin Cities Real Estate Market Slowing Down?
This is a good post as many of us have seen a slowdown the past few months. In Columbus Ohio and Clintonville, we have seen sales in November 2013 down 12% from November 2012
Frankly I saw the market pick up in October 2012, move forward very strong until August of 2013, then activity slowed down. What so you see in your market area?
There is a lot of talk about a mini bubble, the market tanking, homes selling slower than last spring, and a bunch of other speculation on what's happening in the Twin Cities real estate market. See below for an infographic on the actual projections of households being created over the course of the next three years and the average appreciation over the next 3 years.
In the Twin Cities, we are solid! We are one of the top ten healthiest real estate markets in the US. We have swiftly become more of an even playing field between buyers and sellers these days, which is really evening out the market!
As the classic Tortoise and Hare story goes, slow and steady always wins the race.
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