Minneapolis market indicators inched up in December with closed sates up 20.5% and median prices up 3.8% (when's the last time we could say that?) over last year's figures. The number of days a home is on the market is also down slightly.
For the last several years, lender-mediated sales have kept a downward pressure on prices however, the percentage of new listings that are foreclosures or short sales has declined, allowing prices to be more influenced by traditional buyer/seller sales.
If you're considering a move, please call me at 612.821.7456 or email me at alicia@aliciagaratoni.com for a no-obligation consultation. References available upon request.
