Median Sales Price Another WOW month for the Twin Cities real estate market.  Homes that closed in June sold for a $210,000 median price, a 17.5% increase versus a year ago and an 8.2% increase from the month prior.  The $210,000 median sales prices what the highest since December 2007 - over 5 1/2 years ago. Days on Market Meanwhile the time it takes to sell a home continues to drop dramatically - now at just 74 days - down 34% in the last 12 months.  Many houses are selling in multiple offer in the … [Read more...]

Take a look at this month's video update on the Twin Cities housing market. … [Read more...]

While home sales in the Twin Cities are at 7 year highs, home buyer showings are actually down from last year:   Why are home showings down even though sales are up?  Simple.  Far fewer homes for sale this year means buyers simply have far less to look at. A couple years ago buyers could look at dozens of homes for sale that met their criteria and spend weeks deciding.  Today we often find that there are less than a dozen homes that really match a buyer's wants and they have only days to … [Read more...]