As we get further and further into 2017, housing inventory continues to be an issue facing the Twin Cities market, and more specially buyers who are desperately trying to find a new place to live.
According to recently released sales figures, the median sales price back in April jumped another 6.3% to $245,500, brining it to a level that hasn’t been seen in over a decade.
With fewer homes on the market all throughout the Minneapolis-St. Paul area, home sellers are taking notice and aggressively pricing their properties when looking to sell. And unfortunately for buyers, there isn’t a whole lot that can be done outside of paying the asking price, or at the very least close to it.
For added perspective, there were 20% fewer homes on the market…