There is a lot going on in the housing market in the Twin Cities area. Mortgage rates continue to remain low, and the number of jobs available is on the rise; when pair that with low home prices you have an ideal time to buy a home. This past week we have continued to see many buyers continue to purchase homes. The warmer weather of spring has proven to be enough to draw many buyers into the market.
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 a more detailed reports and graphs of the current Twin Cities home market condition visit the Minneapolis Area Association of Realtors website.
If you are looking to buy or sell a home contact me. Our group specializes in Eden Prairie Real Estate, Chanhassen Real Estate, Chaska Real Estate, Lake Minnetonka Real Estate, Edina Real Estate and West Bloomington Real Estate.
Brace Helgeson Coldwell Banker Burnet
Licensed in Minnesota/Lic # 92065