Spring is in the air- and the real estate business is absolutely booming! Listed below are some of the most recent statistics on the Twin Cities metro area that may effect you as a buyer or seller.

DAYS UNTIL SALE GRAPH

-The price range that tended to sell the quickest was the $190,001 to $250,000 range at 70 days

-The price range that tended to sell the slowest was the $1,000,001 and Above range at 182 days

PENDING SALES GRAPH

-Pending sales are up 21.8% in comparison to last February and new listings were up also, by a whopping 23.2%- making it our best February for sales in about 10 years!

Inventory is expected to continue to rise as the warm season gets closer and closer and sale of homes are expected to greatly increase. So, in conclusions, whether you are buying, or selling, the market is now booming, and is only expected to continue as our days get longer and warmer!

Sources:

http://maar.stats.10kresearch.com/docs/lmu/x/TwinCities%20Region?src=page

http://maar.stats.10kresearch.com/docs/mmi/x/report?src=page

http://maar.stats.10kresearch.com/docs/hso/x/report?src=page