Twin Cities Real Estate Update

Twin Cities Real Estate Update

In early 2014 we saw huge appreciation at almost 1% a month.   Towards the beginning of July through now, the market has started to show signs of slowing down.  The market typically slows down around late October for the winter months, but why was it early this year?The real estate market is based simply on supply and demand.  As supply goes up and demand goes down, we see slight depreciation, which is what we are seeing now.   For some reason, inventory was extremely low early on in the year and now more people have put their homes on the market.  With more homes being listed and new construction booming, there is more inventory right now than there has been in over 12 months.   When supply is high, it is a good time to be a buyer.    If you are a seller, we can still get your home sold, but setting expectations on price and time on market is very important.

Kyle White Headshot
Phone: 612-636-2594
Dated: September 22nd 2014
Views: 1,626
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