The sellers in the Twin Cities region of Minnesota are definitely in control! Check out the market stats for the period spanning May 2016 to May 2017:
- There were 59,680 pending sales; up 1.2%
- There were 59,988 closed sales in all price ranges; up 3.6%
- The average sales price was $281,169; up 5.1%
- The median days on market to contract was 30 days; down 21.1%
This same period ended with a 2.6 months supply of single family homes - down 18.8% and a 1.9 months supply of townhomes and condos – down 20.8%. This equates to an extremely low supply of housing inventory, a balanced market would have a six-month supply.
(Data source Northstar MLS provided by St. Paul Area Assoc. of Realtors).
As you can see, selling a home now positions homeowners to sell at top dollar and in a very short period of time. List NOW and get a jump start on the competition!
If you are thinking of buying, selling, renting your home, or leasing real estate this year we’d love to hear from you! Working with experienced professionals can boost your profits!
Selling Your Home? Click HERE to Schedule a Free Market Value Analysis
Acuity Group Real Estate Professionals
564 Dodge Ave Suite A ~ Elk River MN 55330
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OUR SPECIALTIES: Residential & Commercial Seller and Buyer Services, Property Management & Residential Rentals, Residential and Commercial Investment Property Specialists, Listing & Marketing Specialists, CDPE (Certified Distressed Property Experts), Short Sale Specialists, REO/Bank Owned Sales. Golf course properties, water front properties, acreage & hobby farms, vacant land, condos & townhomes, industrial/manufacturing/retail properties, association maintained properties, senior housing, luxury homes, vacation & secondary housing.
Serving the following Minneapolis Cities & Suburbs: Elk River MN, Zimmerman MN, Big Lake MN, Rogers MN, Otsego MN, St. Michael MN, Albertville MN, Princeton MN, Ramsey MN, Anoka MN, Nowthen MN, Monticello MN, Oak Grove MN, Burns Township MN, Champlin MN, Dayton MN, Hanover MN, Coon Rapids MN, Blaine MN, Fridley MN, St. Francis MN, Livonia Township, Andover MN, Becker MN, Baldwin Township, Orrock Township, Plymouth MN, Maple Grove MN, Osseo MN.
Serving the following Minnesota Counties: Sherburne, Anoka, Wright, Hennepin and portions of Mille Lacs and Isanti Counties