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Nationwide Open House Weekend - Seller's Market!

Tuesday, April 16, 2013 - Article by: JoshL - Gold Star Financial - Message

This weekend is Nationwide Open House Weekend! That means there's a huge push for open houses this weekend throughout the country. Recent reports provide great news to the Minneapolis/St. Paul real estate market...especially if you're looking to sell your home. One of the reports shows that the Twin Cities had the 4th largest increase in home values in the country compared to this time last year.

At the end of last month, there was a 17.4% increase in sales price for the Twin Cities with a -31% decrease in supply. The housing market is booming and it's definitely a seller's market with multiple offers starting the 1st day a new property is listed on the MLS. If you're looking to purchase a new home in the Twin Cities, there may be some frustration because of the supply of homes is being scooped up as soon as they hit the market. However, if you're a seller or thinking about selling, now is definitely the time! Home values are up and you'll most likely get what you're asking and your home should sell quickly!

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