Home is where the heart is, especially when it’s your own. Owning a home is the great American dream
More people are coming to Minneapolis and its twin cities and with a growing pool of buyers, it’s been difficult trying to find options for them.
• There are just not enough homes to show.
• Buyers are not finding what they want in a quick enough period of time.
• We need more listings.
• We need a better inventory for them to look at to make a choice
This also rings true for sellers. Many sellers want to list their homes but are waiting until their next home is secured.
When inventory is so low, sellers hold back from putting their home up for sale.
If you’re looking to list your home, be confident and get it on the market. The values for sellers are increasing quickly.
If you bought your home within the last 7years you should be able to recapture the cost, buy another house and make another move up.
Be ready! Once the “for sale” signs go up, they quickly come down.
In today’s market we are listing a house on Friday and selling it on Monday or two weeks on the market,” “Our days on the market are short compared to last year and the year before… Things are just getting better.”
If you’re looking to buy, don’t get discouraged. “Think Spring” as they are anticipating a rush of homes to be listed.
Spring is around the corner, the warmer weather will bring the sellers out. Hopefully a big splurge of listings coming up… I think that’s encouraging for the buyers, it’s always encouraging that money is available. We have a lot of great buyers out there. We just need some more listings.