The St. Cloud Market Is Shifting

St. Cloud MN Real Estate Podcast with Chris Hauck

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Today, we’ve got some exciting news for you: the market is shifting in St. Cloud. Every two weeks, we run a quick set of numbers to see how many listings and pending sales we have in order to get a pulse of the market.

Last week, inventory was the lowest we’ve seen in 15 years. There are only 833 listings on the market. The only time we’ve ever been close to inventory levels this low was back in January 2015, with 989 listings on the market. Normally, we have about 1,200 to 1,300 homes on the market. With our inventory so low, a few things could happen.

First of all, right now we’re seeing homes sell in 2 to 8 weeks. If inventory stays this low, we may start to see multiple offers, which is great news for sellers.

We may also see home appreciation if inventory remains this low. We will keep a close eye on inventory levels as the year progresses.

Right now is a great time to sell. In fact, this might be your chance to get the best price for your home in 2016.

Ultimately, 2016 is shaping up to be a great year for sellers in real estate. There may not be as much selection for buyers, so we recommend buying early. You will have less competition as a buyer now than you will in May, June, or July.

If you have any questions, give us a call or send us an email. We would be happy to help you!