That’s kind of the word from the Minneapolis Area Association of Realtors. Well maybe it’s not the weather, maybe it’s the holidays. Either way the housing market is entering an annual hibernation. That being said – there is an increase in activity from this time last year.
For the week ending December 6, there were 597 signed purchase agreements (pending sales), which is up 27.6 percent over the same week last year. Roughly half of these sales—54.7 percent—were lender-mediated foreclosures or short sales. On the supply side, new listings were relatively flat, up only 0.7 percent for the same time period comparison.
For some folks the holidays are a great time to start looking for a home – especially if they are looking to relocate to the area and have family or friends in the Twin Cities. The good thing about the cols is it can help you access a home’s insulation without getting out of your car – look for the icicles. Looking for more home buying tips? Contact us at Buyers Real Estate Group.