June wrapped up the first half of 2015, which has proved to be a strong comeback for the real estate market. The Twin Cities market is staying competitive with national trends and it is finally an exciting time to be selling your home! Let’s take a closer look.
With low inventory and high demand, we certainly have a seller’s market. Buyers are competing over listings, which can result in multiple offers or bidding wars. If you have been riding out the recession waiting to sell your home, now is the time and Team Lucky Duck would love to help! Get started here. We are always here to answer any questions with no obligations so don’t hesitate to contact us.
While sales prices are going up, interest rates are staying low, making great deals out of the inventory we have available. With interest rates still under 5%, a little competition is not scaring away buyers. In fact, First Time Home Buyers are up 2% from last year and make up 30% of all buyers. Start your home search today!
Stay tuned each month for market updates and trends. As the market continues to bounce back, we are excited to see our clients able to fulfill their real estate goals!