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This spring has been great for the real estate market. In fact, the market is the best it has been since 2005, before the recession. I’m here with a quick update on some exciting numbers from St. Cloud real estate.
As of right now, we have seen 1,054 closed sales over the last six months, which is a very nice increase. We also have 495 pending sales, which is the highest number of pending sales in 10 years. That’s great news for sellers!
Not only that, if you are thinking of selling your home, you can expect to sell in two to eight weeks. Selling a home is a far more predictable, much easier process today than it was just a few years ago.
I also have good news for buyers. Currently, there are 1,034 homes on the market within a 20-mile radius of St. Cloud. That’s a very nice selection. The market is moving a little quicker, so you do have to make decisions faster. However, we can help you through that process.
Even better than that, buyers today are able to take advantage of historically low interest rates. You can get a 30-year fixed mortgage with an interest rate between 3.5% and 4%. If you get a 15-year mortgage, the rates are even better.
Overall, now is a great time buy or sell real estate. If you have any questions about the market or need help with your specific property, please don’t hesitate to give me a call. I would be happy to help you.
Overall, now is a great time buy or sell real estate. If you have any questions about the market or need help with your specific property, please don’t hesitate to give me a call. I would be happy to help you.
