Wednesday, April 3, 2019 / by Cooper Riach
We are back! And we are coming back strong with another market update for your Twin Cities. We are going to cover everything from median sales prices to price per square foot to how much inventory we have. Bottom line... We've got all you need to know to be educated in what is happening in the Twin Cities real estate market. Let's go!
What Type of Market Are we in?
To start it off lets talk about what type of market we are currently in. The market is a seller's market right now. There is currently 1.6 months of inventory. What that means, if if no more properties come on the market, in 1.6 months there will be no more homes for sale. Now, just because there are not a lot of properties for sale does not mean that there are going to be less people looking to buy a home. This creates multiple offers situations. Multiple offers are the norm right now. That can be nerve racking for some, but all it means is that you need a good agent that will step up to the plate fo ...
Wednesday, February 27, 2019 / by Cooper Riach
2019 is in full swing and the fourth Wednesday of the month means a market update for our readers. After reading this article, you will be able to make an educated decision of making a move or not, or even passing this info along to someone you know. In this market update we will take a look at inventory (or lack there of), days on market, and finally, the average price per square foot. Lets go!
There is currently 1.6 months of inventory. As was the case last month, it is a seller’s market. This means that there is a better shot at getting more traffic through your listing. More foot traffic could mean getting into a multiple offer situation. What does low inventory mean for buyers? Although frustrating at times, it is not as bad as some may think. Low inventory just means you have to be available to see properties ASAP. It is all about having a good agent who stays on top of it to keep you up to date with what is going on. At HHG we have a playbook that has been successful ...
Monday, February 11, 2019 / by Jason Huerkamp
Congratulations to our clients who closed on their homes in January! We are so glad we were able to help you!
Robert & Cecelia
Josh & Julie
Josh & Julie
Ruthe & Daniel
Cesar & Stella
Kristina & Roman
Friday, February 8, 2019 / by Cooper Riach
When looking for a real estate agent, what is important to you? Experience? Trust? Communication? Whatever it is, the Huerkamp Home Group has it. With a team of 17 licensed agents, we have the most resources to help you with you with your home search. Want to sell your house? No worries! Our agents also have experience listing homes. Overall, when you work with HHG, you are working with the best, and here are some more examples of why.
So lets say that it's experience that is most important to you. Our team of 17 licensed agents and administrative staff have 75 years of real estate sales experience. To put that in perspective, the average life expectancy in the U.S. is 79 years of age. You could say we have a lifetime of experience as a team!
On top of our experience, the Huerkamp Home Group is under the umbrella of Keller Williams Realty. Keller is the largest and highest producing real estate company in the world! That just adds to the resources that we are able to provid ...
Wednesday, January 23, 2019 / by Cooper Riach
Let’s start with the one of the most common questions our team is hearing as we enter the new year. “What’s the market like right now?” Here is our brief overview to shed some light on the uncertainty being felt in the current real estate market.
Here in the Twin Cities, overall market inventory is low. This is the number of homes currently being offered for sale. There is a 1.7 month supply of inventory. This is actually up 13% from last year at this time. But overall, it is still under what we consider “normal”. So you may be wondering what makes up a seller’s or a buyer’s market? This is strongly set by the actual inventory of homes. Anytime inventory has under a five month supply, we consider it a “seller’s market”. When we reach inventory levels over a six month supply, we consider it a “buyer’s market”. Rarely do we see a completely balanced market.
Buyers continually enter the real esta ...