What’s been selling in the West Metro Twin Cities?

General Market For the week ending June 18, pending sales in the Twin Cities reached a new high for 2011. The 961 signed purchase agreements were 49.0 percent higher than the same week last year. New listings were down 10.4 percent from last year to 1,534 new homes, and inventory levels are falling at an […]

May Housing Stats Show Signs of Stability

Positive signs of the long awaited housing recovery may be on the horizon according to the May Minnesota Housing Report released by the MNAR. Many experts and those involved in the industry were optimistic about the numbers, especially the Pending Sales figure, which was up 26.2% when compared to transactions in May 2010. “Pending Sales – contracts […]

A Window of Opportunity for House Sellers

There has been much confusion as to where housing prices are headed. Today, we want to give our opinion on this subject for the short term. We believe sellers have a window of opportunity for the next 90-120 days in which to sell their homes for maximum price. We believe there will be increased downward […]

Housing Market – Twin Cities Metro June 2011

General Market New listings last week were down 9.1 percent to 1,572 new properties for the same week in 2010. Increased sales activity in conjunction with stable or falling listing activity should be met with continued market correction, including faster absorption rates, quicker market times and fewer seller concessions. Good news is that pending sales […]

Market Update – Minneapolis and West Metro

General Market Pending sales for May 2011 in the 13-county Twin Cities metropolitan area were up 13.2 percent over last year’s post-tax credit market. Sellers introduced 7,021 new properties to the market, a 10.8 percent increase from the year prior. Inventory shrunk 11.8 percent to 25,636 units—the lowest May inventory count since 2005. The overall […]

Wall Street Journal and Forbes say: Now is the time to buy!

We received some tough news on housing last week. Prices are still softening. There was a lot of negativity surrounding these reports. The news caused more consumers to be concerned. However, the real question is what this means to you and your family. This could actually be great news if you are buying (either as […]

West Metro Market Update (Twin Cities)

Overall, we’ve seen four consecutive weeks of gains in seller activity and three consecutive weeks of gains in buyer activity. Buyer activity in the Twin Cities metro area increased a colossal 59.2 percent over last year, the strongest year-over-year gain since the week ending October 3, 2009. That’s a win any way you look at […]

Top 10 Evil Animals

TIME Magazine came out with a very interesting article about the Top 10 Evil Animals. Crazy article! What do you think? We would love to know if anyone has discovered good ways of preventing/treating these issues, since some of them actually affect life in Minnesota… from Asian carp to bedbugs… what’s your solution?

How To Make An Offer that Will Be Accepted

You have finally found the house of your dreams. It is priced right and is receiving a lot of attention from other buyers. You don’t want to miss this opportunity so you are ready to put in an offer with the real estate agent immediately. What can you do to guarantee your offer is the […]

Housing Update – Twin Cities 5.31.11

Hey everyone! In our commitment to keep you updated on the housing market in Minneapolis and the West Metro, here is this week’s update: General Market New listings have come back in line with historical norms for this time of year. Sellers brought 1,704 new homes online, or 7.7 percent more than the same time […]