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YOUR TWIN CITIES REAL ESTATE REPORT FOR JANUARY 2021

Happy 2021! With each new year, we wipe the slate clean and embrace the promise of what is to come. And for some folks, that means cozying with a warm blanket or cardigan, sipping a warm beverage and beginning that search for a new home. For others, it may be the beginning of a great purge. Either way, it’s good to keep tabs on the market.

Even with lower temperatures, lower inventory is keeping the market competitive. People ready to move into their first home, move up to their next home or finally buy the dream home that says, “I’ve arrived!” are exploring the homes available now.

Here are the latest real estate stats for the Twin Cities market.

+18.6% in closed sales.

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

+10.7% median sales price.

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

-37.9 % change in inventory.

But as the market slows for the winter, it remains a seller’s market. So now is a great time to get your home in shape if you’re thinking about selling.

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.