Heading into December, we’re eating the last Thanksgiving leftovers, shopping for the perfect holiday gifts, and bedazzling our neighborhoods with some incredible light displays. Homeowners are taking advantage of their time at home and putting efforts into making this holiday season one of the brightest in memory. Another bright spot is the strong market that continues into this month.
Real estate heads into the last few months of 2020 with a strong market. Here’s a snapshot of the most recent Twin Cities real estate statistics.
+22.3% in closed sales.
The market remains strong even as the weather turns colder and folks remain close to home.
+12.5% median sales price.
The Twin Cities continues to see a surplus of buyers even as the pandemic continues. The competition for available housing continues to drive up prices as we enter the slowest part of the year. The change in inventory is reflected in our next statistic.
-34.5 % change in inventory.
Low inventory and a competitive market will continue to drive home sale prices up into 2021.
At Helgeson Platzke Real Estate Group, we’re proud members of Eden Prairie’s esteemed small business community. We’ve offered the very best in Twin Cities real estate since 1995, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our knowledgeable and experienced staff ensure your homeownership goals are delivered. If you’re considering buying or selling your Eden Prairie area home this year, now is the time to enlist the help of a real estate professional who can help you make the most of the market no matter the situation.