For the most part…yes! Here’s what I can tell you about the communities I track. Areas with Rising Prices Chaska Apple Valley Plymouth Maple Grove Chanhassen Rosemount Areas poised for a rebound Edina Lake Minnetonka Golden Valley Burnsville Prior Lake Eagan Eden Prairie Lakeville Savage Woodbury There’s a good chance each one of these communities [...]
Twin Cities Housing Market Update – 1st Quarter of 2012
April 1, 2012 By Leave a Comment
With an unusually seasonably warmer first quarter buyers started looking at homes a little sooner compared to previous years. It’ll be interesting to see if Minnesota still follows a similar pattern of peak activity between now and Memorial Day or if it will die down a little bit sooner compared to previous years. More than [...]
Richfield, MN – Seller’s Market Looms
April 1, 2012 By 1 Comment
Inventory in Richfield, MN has been trending down for some time. Currently the Absorption Rate is trending down at 4.8 Months of Inventory, which is barely a Seller’s Market. A Seller’s Market is less than 5 Months of Inventory. Prices have been pretty flat since May 2011, so it’s no surprise that inventory levels have [...]
Is the Twin Cities Housing Market Ice Cold?
February 5, 2012 By 4 Comments
I guess that depends on what area you’re in and what price range your home fits under. Here’s a series of infographics I have.
Average Home Prices in Twin Cities Suburbs
January 23, 2012 By 4 Comments
Today I thought I would do an “infographic” on Average Home Prices in Twin Cities Suburbs
There are Seller Markets within the Twin Cities Area
December 20, 2011 By Leave a Comment
Earlier this week I wrote about a list of areas that had Balanced Markets in November. I ended up making a few adjustments to my calculations today, which changed a few things and I ended finding which market segments in the Twin Cities are currently at a Seller’s Market. (They included Maple Grove, St. Paul [...]
Which Twin Cities Communities Have a Balanced Market
December 18, 2011 By 1 Comment
Out of the 57 communities we sampled we pulled 22 communities experiencing a Balanced Real Estate Market in the Twin Cities Area. Buyer’s Market = 7+ Months of Inventory Balanced Market = 5 – 7 Months of Inventory Seller’s Market = < 5 Months of Inventory Since the Twin Cities is a Seasonal Real Estate [...]
