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YOUR TWIN CITIES REAL ESTATE REPORT FOR FEBRUARY 2021

Romance. Candlelit dinners. Chocolate. No matter the imagery, February speaks the language of love. Whether your first home or a move up, you might just fall in love with the perfect place to call home.

Here in the Twin Cities, mild weather made house hunting easier – keeping demand and sales price up while inventory remains low. Low-interest rates and low inventory keep it a seller’s market and a great time to consider making a move.

+22.2% in closed sales.

Colder weather and the holidays have contributed to a slight decrease in closed sales.

+10.0% median sales price.

Even so, there are still more buyers than sellers – which means the median sales price remains up.

-39.3% change in inventory.

Take a Sunday afternoon drive and see what’s out there. Even if your not in the market to buy or sell, you may get ideas for updating your own home. Or you may come across the home of your dreams.

February is the month of love. Find something to love – whether it’s falling in love with an update to your existing home or falling in love with a new home.

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 your 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.