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After our last market update, many viewers wrote in with specific questions about where our market is heading. Today, we'll answer a few of them!
Where are home prices trending?
Right now, home prices are increasing gradually in the St. Cloud area. Our sales volume is a bit higher than usual and homes are selling quickly. If this trend continues, you can expect home prices to continue their upward movement.
Are we in a seller's or a buyer's market?
We're in a pretty neutral market at the moment. We have around six months of available inventory on the market right now, so we're about as balanced as we can be.
What can we expect from the market in the next few months?
If inventory stays where it is, we're probably going to continue to see stable conditions in which neither buyers nor sellers have a distinct advantage. If inventory falls, you can expect to see prices rise quicker than they currently are. If inventory goes up and sales slow down, we'll likely see prices stabilize and fall flat.
How do current conditions affect sellers and buyers?
Right now, sales are fairly predictable. If your home is priced well and in good condition, you can expect to sell within 2-8 weeks. If you want to know what buyers are looking for in our market and what your competition is doing to get their homes ready for the market, let us know and we'll fill you in on the details. If you're buying, there is a very good selection, but you need to act fast because the best homes are going quickly.
If you have additional questions about our market, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to give you a hand!
Where are home prices trending?
Right now, home prices are increasing gradually in the St. Cloud area. Our sales volume is a bit higher than usual and homes are selling quickly. If this trend continues, you can expect home prices to continue their upward movement.
Are we in a seller's or a buyer's market?
We're in a pretty neutral market at the moment. We have around six months of available inventory on the market right now, so we're about as balanced as we can be.
What can we expect from the market in the next few months?
If inventory stays where it is, we're probably going to continue to see stable conditions in which neither buyers nor sellers have a distinct advantage. If inventory falls, you can expect to see prices rise quicker than they currently are. If inventory goes up and sales slow down, we'll likely see prices stabilize and fall flat.
How do current conditions affect sellers and buyers?
Right now, sales are fairly predictable. If your home is priced well and in good condition, you can expect to sell within 2-8 weeks. If you want to know what buyers are looking for in our market and what your competition is doing to get their homes ready for the market, let us know and we'll fill you in on the details. If you're buying, there is a very good selection, but you need to act fast because the best homes are going quickly.
If you have additional questions about our market, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to give you a hand!
