MINNEAPOLIS (WCCO) — There are new signs that the housing market is gaining momentum.
Sales of previously-owned homes jumped nearly 8 percent last month, and that’s the biggest gain in more than two years.
WCCO talked to local realtors for tips on how to move homes even faster.
“Mud rooms are crucial — things like new appliances and white cabinets,” says Lakes Sotheby’s agent Darren Spencer. “In the past six years, the general trend has been to go from 6,000 square feet down to 3,500 to 4,500; that’s what people are referring to as jewel boxes.”
Making room for in-laws to visit or stay long term is also in, that’s what one homeowner built in her dream home.
“They could come stay and have some privacy,” says Anna Hernandez. “Especially now that we have little ones, I don’t worry about them waking grandma and grandpa up.”
Realtors say buyers are also looking at transportation options, whether it’s being close to a bus stop or walking the neighborhood.
“People want to live in a city where they can walk to shops and restaurants,” says Lakes Sotheby’s agent Matt Carlson. “They don’t want to drive anywhere and if they do, they want a 10 minute or less commute.”
The biggest trend? The front porch.
Data shows nearly two-thirds of homes built last year had one.
“It’s nice interacting with the neighbors,” Hernandez says.
If you’re a buyer and find what you’re looking for, realtors suggest snapping it up.
Inventory is low and prices are going up in Minnesota, according to the local association of realtors.
August numbers show sellers are getting about 93 percent of their asking price with homes only being on the market about 100 days.