Nearly half of closed sales in the years 2009-2011 were either foreclosures or short sales, keeping many traditional sellers out of the market unless they needed to sell. As market...Read More
We are in a strong seller's market again, but this time it's not the same as the seller's market before the infamous downturn. Here are some things that are different...Read More
Appraisals have been an issue since the market downturn… first because values were dropping, then because there weren't enough recently sold comparable properties to establish value. Now, as values are...Read More
New listings have been jumping up according to the chart below from the Minneapolis Area Association of Realtors… …and buyers have been snatching them up quickly as soon as they...Read More
What stood out as I plugged in the most recent monthly stats was how May numbers jumped up across the board… both over last month and over at least the...Read More
It was good news to hear that last month the condo market segment showed the highest year-over-year median price increase when compared to townhomes and single family houses. Condos were...Read More
The median sale price of $182,312 for April 2013 was the highest median sale price since 2008, when prices crashed the last part of the year. This increase reflects not...Read More
Twin Cities market stats for March 2013 showed median sales prices increasing 17.4% as inventory decreased 31.0% compared to last year… it is a tale of rising prices driven by low...Read More
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