Twin Cities Market Update: 2017 - Q1
Scroll down for interactive charts of prices, inventory, and sales activity.
February home sales activity resulted in the 59th consecutive, month-over-month gain for Twin Cities and U.S. home prices with median prices now breaking through to new, historical highs. This current cycle marks one of the longest-lasting and most aggressive rises in home prices in U.S. history.
With single-family home inventory in the Twin Cities at an all-time low and pending sales at a 10-year high, there has never been a more opportune time to be a seller, nor a more challenging time to be a buyer. The average sales price vs. list price in the Twin Cities rose above 99% last September and has remained there ever since, as a majority of pending sales receive multiple offers. These bull market trends are showing no signs of a slowdown or a reversal, at least not in the foreseeable future.
My Opinion: Why are home prices rising so fast?
National Home Prices
Twin Cities Market Data
With single-family home inventory in the Twin Cities at an all-time low and pending sales at a 10-year high, there has never been a more opportune time to be a seller, nor a more challenging time to be a buyer. The average sales price vs. list price in the Twin Cities rose above 99% last September and has remained there ever since, as a majority of pending sales receive multiple offers. These bull market trends are showing no signs of a slowdown or a reversal, at least not in the foreseeable future.
My Opinion: Why are home prices rising so fast?
National Home Prices
Twin Cities Market Data
Twin Cities Market Stats:
Median Home Price: $233,500 - A record high
# of Homes for Sale: 12,502 - A record high
# of Pending Home Sales: 60,243 - A 10-Year High
To receive a custom analysis specific to your community, email or call us at (612) 888-4663.
# of Homes for Sale: 12,502 - A record high
# of Pending Home Sales: 60,243 - A 10-Year High
To receive a custom analysis specific to your community, email or call us at (612) 888-4663.
