Buyer’s Market Data

If you are considering buying a home we will create a custom market report using the most relevant data to inform your decision and strategy. We help our clients achieve their real estate goals all year round and in any kind of market, contact us to start our conversation.

When you are considering listing your home for sale, it’s important to understand the current real estate market and the factors that will inform your overall strategy and pricing.

To get a high level understanding of the Twin Cities market it is useful to see how it breaks down across price ranges and see the trends in each category. Looking at the number of Homes for Sale shows that listings under $250,000 have seen a much steeper decline in inventory than other price brackets, where we are starting to see some gains in available homes for sale.

Months Supply of Homes for Sale is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. More than 6 months supply indicates a buyers market, and less than 5 months indicates a market that favors sellers (5-6 is considered balanced). As you can see, the inventory levels vary significantly across price ranges. Experts predict gains in inventory in the under $500,000 category, which should help open up what is now a very tight market.