Seller’s Market Data

If you are considering selling your home we will create a custom market report using the most relevant data to inform your decision, strategy, and pricing. 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.

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). The market for homes under $500,000 has very low inventory, but that is not the case in the upper brackets, where the supply is much higher.