Even with warmer weather in the forecast and the spring home-buying season fast approaching, the Twin Cities remains a strong seller’s market. Inventory remains at a 10-year low. Last month, there were 13,086 homes for sale, down 4.1 percent from a year ago.
Home sales are at their highest level in three years according to new national figures released on Thursday. In Minnesota, the big story remains the lack of homes on the market.
After the rollercoaster real estate market of the past few years, Twin Cities realtors are finding lots of folks still waiting on the sidelines. Inventory levels in Twin Cities is the lowest they’ve been in 10 years.
Newly released sales figures show that home sales are up nearly 20 percent in the Twin Cities metro area. That statistic makes 2012 the best year in the area for home sales since 2006.
Would you buy a haunted house? About a third of those interviewed by Realtor.com said they would consider purchasing a “spirit-occupied” home.
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.
Just-issued figures for 2011 are showing signs of recovery in Minnesota’s housing industry, with good news for buyers and sellers.
The median home price in Minnesota was down 8.8 percent in the first three months of this year and down more than 11 percent compared to March a year ago.