Over the last few months there has been a significant shift in the available housing inventory in the Twin Cities and in particular the southwest metro area.  Attached are two reports from The Minneapolis Area Association of Realtors showing that Metro wide the housing inventory is down 14.9% in the last 12 months and sales are up 13.5% for a total market positive  shift of 28.4%. 

Eden Prairie is leading the improving market with a decline in listing inventory since this time last year of 31.5% and increased sales of 9.8% for a total improvement in home inventory of 41.3% in the last 12 months.  THIS IS DRAMATIC!

There are a number of price ranges throughout the Metro and particularly in Eden Prairie  that are experiencing a significant lack of inventory where  buyers actually waiting for new listing to come on the market.  There are stories of homes selling the first day for list price and even multiple offers.

Most cities are still experiencing sale prices that are slightly down for the last 12 months.  Eden Prairie is one of the exceptions with the average median sale price actually improved by 4.9% for the last 12 months.

While we do not expect to see prices significantly increase over the next 12 months we do believe the Twin Cities market and in particular the southwest housing market has "bottomed out" by virtue of significantly fewer homes being for sale and in some cities slightly increased prices.

OUR TEAMS NEEDS ADDITIONAL LISTINGS THAT ARE PROFESSIONALLY PRICED, WELL STAGED AND CONDITIONED FOR SALE.  WE ARE FULL INTO THE SPRING MARKET AND NOW IS THE TIME TO HAVE US BEGIN MARKETING  YOUR PROPERTY.  PLEASE CALL US FOR A FREE MARKET ANALYSIS ON YOUR HOME! 

IF YOU HAVE CONSIDERED SELLING YOUR CURRENT HOME TO  CAPITALIZING ON THE GREAT DEALS THAT STILL EXIST FOR BUYERS AND THE HISTORICIALLY LOW INTEREST RATES PLEASE GIVE US A CALL!

The Barkleys

Direct (952) 947-0334
Cell (612) 805-5056

Email: jasonbarkley@edinarealty.com
www.jasonbarkley.com