Minneapolis, MN: Market Update - Feb 25th, 2008

The Twin Cities Real Estate Market is as volatile as the weather, warm/cold/warm/cold.  The market is generally flooded with listings, and this long term issue will take many months to correct.  But a strong under current of demand keeps things interesting. 

Buyers continue to show strong interest.  Pending sales made a strong showing this week.  While the number of new listings came in lower than expected.  The net result was none the less an increase in the number of homes for sale.

As new listings hit the market, some are being snapped up quickly, while other sit with few showings.  Buyers are more savvy than ever, and can smell a good home almost before it hits the the market. 

Average stats in no way reflect the actual value of your home. To find out the value of your home, contact me for a free Market Analysis based on comparable sales in your price range, neighborhood, and property type!

Minneapolis Metro Area: Real Estate Market Stats – as of February 18th