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Quote of the Week
While inventories remain tight, homebuilders will need to start looking to increase production in order to meet the growing demand," said Ryan Jones of Metrostudy Market Research. Look for the Twin Cities housing market to ramp up substantially over the next sixth months building up supplies of both housing and lot inventories.
Star Tribune, May 3, 2013
My Personal Philosophy
- To provide the best possible full-time service to earn your complete respect and 100% satisfaction
- To always use my experience, marketing expertise and negotiating skills to your best advantage
- An unfailing commitment to the highest standards of integrity, honesty and loyalty
- Continuing education and research to keep me a market-wise expert at the pinnacle of my profession
- And most of all...to make your transition a fun and pleasurable experience!
Buyers
Our site offers many ways to find your dream home. Check out our Property Search option and select all the different areas that you may want to live in. Search by area, municipality, zip code, county, etc. It’s that easy!
Check out Save Your Search, this is the ultimate tool for people looking to buy a house. Create an account, then set up your search. The information is refreshed every day by our Multiple Listing Service and all new listings are emailed directly to you. All new properties are listed at the top, so you won’t have to go through listings you have already seen. Once you have found a listing you love, save it for later review.
Sellers
National trends persistently show an increasingly competitive market. Low inventory and rising sales figures have caused homes to sell in fewer days at higher prices after multiple offers. If the rumors are true, the U.S. Department of Housing and Urban Development may have some foreclosure inventory to ease some of the pressure. However, until they and other property holders actually put homes on the market, buyers will be forced to either bid higher or jump in with dwindling options. While the wider picture is in flux, your local market's story is the one that matters. Let’s take a look.
In the Twin Cities region, for the week ending April 27:
• New Listings increased 2.9% to 1,519
• Pending Sales increased 17.3% to 1,308
• Inventory decreased 28.8% to 13,291
For the month of March:
• Median Sales Price increased 17.7% to $176,500
• Days on Market decreased 24.3% to 109
• Percent of Original List Price Received increased 3.1% to 95.0%
• Months Supply of Inventory decreased 38.0% to 3.1
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