NOW is still the time to sell!

As of October 2017, we are still seeing continuous growth in home prices, but what is driving that trend? Below is an analysis of the current real estate market and some of the reasons of why now is a good time to sell.

To see the entire market trend analysis, click here.

Please contact me if you want a free and specific analysis of your home and community, and what steps you need to take as a buyer or seller. 

Current Median Sale Prices at an All Time High

Prices continue to soar. Within the Twin Cities market, median sale prices have surpassed the 2006 bubble. Another way to view this trend, and my preferred way to value a home is the Price Per Sq. Ft.

Prices continue to soar. Within the Twin Cities market, median sale prices have surpassed the 2006 bubble. Another way to view this trend, and my preferred way to value a home is the Price Per Sq. Ft.

Price Per Square Ft.png

Shortage of Available homes to Sell

Since the market crash of 2008, we have experienced a gradual decline in available homes to sell. We have sold through all the foreclosures from the market crash, and people are living in their homes longer. Though the supply of homes has declined, the demand has not slowed down, which in turn is driving the average/median prices up.

Since the market crash of 2008, we have experienced a gradual decline in available homes to sell. We have sold through all the foreclosures from the market crash, and people are living in their homes longer. Though the supply of homes has declined, the demand has not slowed down, which in turn is driving the average/median prices up.

Day on Market Until Sale

Homes are flying off the available market.  In 2017, all of our listings sold in 3 days or less!!!   T here continues to be strong demand for homes that are appropriately priced and are staged well. I feel just as confident for our listings in 2018! 

Homes are flying off the available market. In 2017, all of our listings sold in 3 days or less!!! There continues to be strong demand for homes that are appropriately priced and are staged well. I feel just as confident for our listings in 2018! 

Housing Availability Index

As prices have climbed, the affordability index has decreased; however, we are still in a better position than the 2005-2007 real estate bubble. This shows me that there's still a good number of strong buyers that are looking for the right home. 

As prices have climbed, the affordability index has decreased; however, we are still in a better position than the 2005-2007 real estate bubble. This shows me that there's still a good number of strong buyers that are looking for the right home.