St. Cloud February Market Update

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We’re experiencing a shift in the St. Cloud market. We had 833 listed homes on the market last week. That’s the lowest we’ve seen since in about fifteen years! In January 2015, we had inventory this low with 989 listings, but it only lasted for a week.

Instead of the normal 1,200 to 1,300 homes on the market, our inventory is quite low. This leads homes to sell in two to eight weeks on average. Likewise, we might begin to see more multiple offer situations in a competitive market climate. This benefits sellers, but makes it more difficult for buyers.

Secondly, we might see home appreciation increase in 2016 with tight inventory. Sellers have the potential to earn top dollar for their properties now compared to the rest of the year. Buyers have the best opportunities to purchase a home right before the start of the spring market, such as in April.

If you’re thinking about buying or selling a home this year, reach out to us by phone or email today! We’d love to hear from you.