Today in Real Estate Get The Skinny

1 month ago

Today In Real Estate Get The Skinny

Our inventory remains low, but there's a promising sign as more homes are hitting the market early. Pending sales have surged by 8.0% compared to the previous month, marking the most significant increase since 2020. This is a positive turn of events! The rise in activity hints at a brighter market outlook. With the warmer weather and a slight dip in mortgage rates, more homebuyers are re-entering the market. In fact, home sales have spiked by 18% compared to last year, indicating a growing demand. To provide you with a tailored analysis for your specific area, just let me know!

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Today, the median home sale price across the Twin Cities stands at approximately $350,000. However, this figure may fluctuate depending on the specific area and appears to be stabilizing to some extent. This balanced trend benefits both buyers and sellers, as it allows sellers to maintain their property value while also offering opportunities for buyers with a gradual increase in home values. If you're interested in discovering the current market value of your home, please don't hesitate to reach out.

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