Things normally start to crank up a notch in the Real Estate Market come March. With home prices about 40% off of where they were and low interest rates I expect the Spring Market in MINNESOTA to be GREAT!
There are many homes at VALUE prices. Buyers are looking for the VALUES. Sellers don't mistake this Spring Market as, "maybe I can get MY PRICE because its Spring."
Prices are way down. They not going up this Spring. However, the supply of homes could level off somewhat with the amount of buyers that will be in the market to move in the next 3-4 months. So what sellers can hope for is prices to level off more then the constant drop we have been seeing.
What buyers need to be aware of is GRANT money that will be available in select cities making a buying a home now the right thing to do! I will have updates in the coming weeks on which cities have the GRANT money available and how you can get it! Stay tuned!
Chuck Carstensen is a Realtor with The Discovery Team at RE/MAX; helping buyers, sellers, and investors of residential real estate. He is a Dynamic Life Coach; The Discovery Coach- "Helping you discover your talents, desires and purpose." Carstensen is a speaker and co-author in the best selling book series Wake Up...Live the Life You Love: Your Wake Up Moments (available Feb. 26 go to http://tinyurl.com/wakeupmoments ).