Team Nexus Real Estate Blog
A Shift in the Twin Cities Real Estate Market
August 2017
State of the Twin Cities Real Estate Market for 2017
I’d like to address the ‘state of the local real estate market’. I believe this year will be a historical year that may impact all home owners for many years.
The election is finally behind us and America has spoken. Also, both Wall Street and the Feds have weighed in post transfer of power at the White House. Regardless if you’re happy with the results; our local and national economy is firing on all cylinders. Coupled with...
Supply and Demand – This is one of 5 critical factors that affects a home sellers bottom line. Most Minnesota home sellers generally think that the best time to have their properties listed for sale is in the spring. Seems logical since that’s when the lawns are green and everything is beginning to bloom. However, from a simply supply and demand perspective; a home seller might actually be better off selling when fewer competing homes are available in the area.
The illustration above onl...
