Looking at reports from the Minnesota Association of Realtors we can see that the market is continuing to recover. Looking at statewide data the median price for home sales continues to move up. Currently they are at $152,000 which is an increase of 9.4 percent from just a year ago. This is good news for all homeowners. It also makes it a great time to buy a home while mortgage rates remain at all time lows.
As we move into the snowy season we often see real estate slow and then bounce back heavy in the spring. So far this fall home sales are continuing strong. If we look at data for the seven county metro area, we see that home sales are up fifteen point three percent and looking at the central region they are right behind with fourteen point six percent.
I get asked all the time if housing is recovering and the data says, YES! One thing that I am still struggling with as a Realtor is the lack of homes for sale. There is not a lot to show my clients and the few that they wish to purchase are being fought after by several other parties. Now might be the perfect time to list your home on the market.
Let me find your next dream home as well as get your current home listed and sold! Look no further than Kim Woehl at Keller Williams Premier Realty if you want individualized, personal care. Call me!