May is almost here already, and with everything going on out there, the market has cooled down a little.
We are still seeing strong median sales price and many homes are selling before they’re listed on sites like Zillow and Realtor.com. There are still plenty of buyers and not enough listings. Let’s take a look at some particular stats more in-depth:
-4.9% Pending Sales
Pending sales have declined slightly in the past month, but listings in the $250-350k range have seen almost no change at all.
+16% New Listings
We usually see this in the spring as many sellers know that this is the selling season.
The rate of decrease on inventory is slowing as less completed sales are being made due to the current crisis. This means inventory is slowly catching up with current demand.
At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that 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.