Business Magazine

How Does the Twin Cities Housing Market Compare to Other US Cities?

By Homesmsp @HomesMSP

Data compiled by CNBC for 28 US housing markets dramatically illustrates how all real estate is local, with changes in sales, prices, and inventory jumping wildly from market to market. It also illustrates national trends. Most markets are showing increases in sales and prices, but ALL are showing a delcine in the inventory supply of homes for sale, with many down dramatically. That indicates a strong seller's market in most of the country, something that we haven't seen in a long time... something that should make sellers smile.

National market chart - 28FEB13

When looking at numbers for individual markets, the Minneapolis area ranks about in the middle, showing a sales increase of 11.0%, price increase of 14.3% and a 32% drop in inventory. Only Manhattan/NYC is falling in all three areas. Track changes on CNBC's interactive Recovery Watch Map.

National list1-28FEB13

With buyers eager to take advantage of low interest rates before they rise, this could be one of the best markets for sellers in some time. Most people don't expect double-digit price increases to continue in coming years as the market settles into more 'normal' mode.

If you are a seller who has been thinking about selling, this could be a good year... a low supply of homes for sale generates strong competition for good listings which can result in multiple offers... resulting in higher sale prices and more money in your pocket.

Sharlene Hensrud, REM/MAX Results - Email - Twin Cities Listing Agent


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • NHS at 70

    This is the script of this morning’s Thought for the Day on BBC Radio 4’s Today Programme:As we approach the 70th anniversary of the founding of the National... Read more

    8 hours, 43 minutes ago by   Nicholas Baines
    RELIGION, SOCIETY, SPIRITUALITY
  • John Cale: Antwerp 2018/06/24 Setlist

    John Cale: Antwerp 2018/06/24 Setlist

    John Cale performed at Ppenluchttheater Rivierenhof, Antwerp, Belgium - - June 24, 2018. The band: John Cale: vocals, electric guitar, keyboards, viola Dustin... Read more

    9 hours, 31 minutes ago by   Hctf
    ENTERTAINMENT, MUSIC
  • Josie at the Beach

    Josie Beach

    Read more

    9 hours, 33 minutes ago by   Vickilane
    CREATIVITY, PHOTOGRAPHY
  • Communication Lessons

    What is the one question that almost all human beings seek the answer for? For most of their lives? Yeah, I know, there are those strange beings who want "Who a... Read more

    12 hours, 11 minutes ago by   C. Suresh
    DIARIES, SELF EXPRESSION
  • Take Five with Sonny Dhanowa

    Take Five with Sonny Dhanowa

    Photo credit: Hans van der Linden Meet Sonny Dhanowa from Trowbridge in the UK. After studying Biological and Medicinal Chemistry at the University of Exeter,... Read more

    12 hours, 29 minutes ago by   Nessascityblog
    DESTINATIONS, TRAVEL
  • Daughter of Madness by Amanda J. McGee

    Daughter Madness Amanda McGee

    GUEST POST5 Favorite BooksWhat author doesn’t like to talk about her favorite books? My problem is narrowing it down, honestly, which is a problem I’m sure... Read more

    14 hours, 3 minutes ago by   Lauriej
    BOOKS, CULTURE
  • Like the Famous Flour Bakery Banana Bread - HIGHLY RECOMMENDED!

    Like Famous Flour Bakery Banana Bread HIGHLY RECOMMENDED!

    version;I'm sure that many enthusiastic bakers would have known or baked this highly reviewed Flour Bakery bread recipe from the book, Flour by Joanne Chang or... Read more

    The 24 June 2018 by   Zoebakeforhappykids
    FOOD & DRINK, RECIPES