2013 Market Recap for Minnesota Real Estate and an Early 2014 Forecast




Looking to buy or sell a home in the Twin Cities? If you're looking to buy a home here in the Twin Cities, you can search all homes for sale on the MLS. If you're looking to sell your home, you can type your home addresses in our online home value calculator and get an instant estimate of what your home would sell for based on comparable sales in your neighborhood. If we can help you buy or sell your next home, call us today at (612) 212-3227 or HomesMN@mac.com.

Hello again, I want to give you a quick wrap-up on what happened to the Minnesota market in 2013.

- From 2012 to 2013, the average sales price of homes in the area rose by 12.1%

- The number of closed sales also jumped by 8.8%.

- In 2012, distressed properties made up 39% of the market, however in 2013 the sales of those properties dropped to 25.7% of the total market.

- Currently, inventory is very low, which makes it a seller's market. If you price your home correctly you should be able to get it sold within 30 days. If you're getting ready to sell, now is the time to talk about it.

If you need any help selling your property then call me at (612) 212-3227 or email me at HomesMN@mac.com