Twin Cities Minnesota housing market update

Twin Cities Housing Market Update

The Dorn Company sold home
Beautiful home SOLD by The Dorn Company in West St. Paul, Minnesota!

According to the Center for Real Estate at the University of St. Thomas and Fox 9, last month set a record low for real estate – there were 10,131 homes on the market in January 2016, meaning we are in a seller’s market. Homes are being snapped up as soon as they come on the market and in some cases, before they even hit the market. More good news for sellers – the median price for homes in the Twin Cities in January 2016 was $215,000, up 10% from a year earlier, oftentimes there are multiple offers and the best news- buyers are offering full price or more.

If you’re a home owner who has been wondering whether to sell or stay, now might be the time to make a move. The seller’s market applies to both the inner and outer ring suburbs, so contact our office for a free market analysis! Email or call us at 651-452-3047!





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