The St. Cloud market is strong with good inventory, record-low interest rates, and homes moving at a steady, predictable pace. Tune in for more details.
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Today we wanted to give you a quick recap of the spring and summer markets, as well as what we’re expecting to happen this fall in St. Cloud real estate.
It’s been a good year. In the last six months within 20 miles of St. Cloud, we’ve closed 1,623 homes. It’s not a record high or low, but it’s a steady, consistent market. Looking at inventory, we have 1,023 homes on the market, which is about 200 fewer than last year at this time.
If you’re a buyer, it’s a good year because we’ve got a good selection of properties and we’ve got record-low interest rates. That means record-low monthly mortgage payments.
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Inventory is good and interest rates are lower than ever.
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If you look at pending sales — a sign of where the market is right now — we have 345 pending sales, which is a very strong number, and a little bit up from last year. What we’re seeing is good inventory, homes selling in a predictable fashion (many times in two to eight weeks), and we’ve got those record-low interest rates. You can buy more house for less money than ever.
If you have any questions or would like specifics about your personal situation, feel free to give us a call or send us an email. We’d be happy to help you!
