This is one of our favorite times of the year—we’ve begun our spring market! It’s a great time to sell your home for top dollar in Minnesota. Today we’re sharing a quick spring market update. 2019 was a record year, so if you’re a buyer entering this market, you have to be fully pre-approved, underwritten, and be ready to jump on a house as soon as it hits the market. Buyers: Brace yourselves for a very competitive market this spring.
“This is one of the best times of the year to sell your home”
Here are a few current market statistics:
- Inventory is down 19.6%
- MLS-wide we had 59,843 closed transactions last year
- Sellers received on average 98.8% of the list price in 2019
- Average days on market is 49
- The average sale price increased by 5.1% last year
If you’re thinking of selling in 2020, you truly want to take advantage of our spring market while it’s still a seller’s market. Also, we offer a program that can get almost any property ready for sale in one month or less. Let us know if you want to take advantage of that.
Please reach out to us if you have questions about our market or real estate in general by going to our website or giving us a call. We would love to speak with you.
