The market is still going strong. If you are considering selling your home this year interest rates are still incredible. You can get a 30 year fixed rate mortgage at 3.5%.  Good houses are wanted! September and October are traditionally active months for home sales in the metro. See the stats below for just how well the market is currently doing.

 

The Minneapolis Association of Realtors reports in the Twin Cities metro, for the week ending August 4:

• New Listings decreased 0.1% to 1,433 • Pending Sales increased 20.4% to 1,129 • Inventory decreased 29.6% to 17,085

In Longfellow/Seward in the month of July. The closed listings had an average sale price that was 9.2% higher than July of 2011, days on market was 43% less than July of 2011, and pending sales were 6.1% higher.

In the Mac/Groveland neighborhood of St. Paul July of 2012 had 32.3% more sales closed and the average sale price was 19.6% higher than July of 2011.  Stats pulled directly from the MLS.

 

So, if you are thinking of selling your house this year. Give me a call to see what it would sell for in today’s market. Also, what you would need to do, and more importantly what you don’t need to do in order to get your home sold fast and for top dollar.   Thanks, Travis 612-729-7130