Minneapolis-St. Paul home inventory has dropped 20% since last year. With just 11,000 homes on the market, Twin Cities real estate is going fast.
This means that it’s a great time to sell your home. Take it from fellow Coldwell Banker Burnet REALTOR® Iliya Zderchuk, who recently listed a St. Paul home to astoundingly rapid results. Between posting the $200,000 property at 9:30 on a Thursday and his checking on the unit at 11:00, Zderchuck’s listing had garnered 38 showing requests. A contract rolled in later that night.
The market is moving fast, especially as more and more Twin Cities renters realize that they could save money by buying. And demand just keeps increasing.
“I’ve never seen it quite like this,” said Herb Tousley of the University of St. Thomas. “It seems like every month I wonder how it can get lower, and then the next month I find out.”
As a result, builder confidence is high. March was a banner month for Minnesota homebuilders.
Ready to start your Twin Cities real estate journey? Get in touch.