Twin Cities Pending Home Sales | Spring 2017
Posted by Brandon Vasquez on
Twin Cities Real Estate Market Insight
The Spring Selling Season: Twin Cities Pending Home Sales
Signs of an early and active Spring real estate market.
Pending Sales in the Twin Cities metro real estate market are rising quickly, as they did this time last year. The bulk of the early uptick in Pending Sales have been in ranges that are showing improvement over past years, namely those homes in values over $500,000. Over the entire region, we are seeing the pace of Pended Sales in the $250-499K range (red) outpace those homes priced under $250,000 (blue). This is a bit of a watershed moment. This shift is driven by the downward trend in the levels of inventory in this entry segment of the market. Note on the Homes for Sale chart that in…
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