The report is from the Minnesota Association of Realtors and it shows that in the 7 county metro area new listings and home sales are down. The length of time it takes to sell a house is down. Prices are up. On average sellers got 1.6% more than the asking price in February. That means that prices are rising.
Year to date sellers got an average of 1.4% of the asking price. This shows that prices are still going up.
Some buyers are making offers on houses without looking at them because houses sell so quickly.
Happy house hunting!
For more local real estate numbers please see Local Market Conditions & Home prices
