Bloomington, MN – “Sellers Market”?
While this is always a hard question to answer, the January 2016 real estate market update, shows that now may be a good time for Bloomington, MN homeowners to put their house on the market.
According to information from the Minneapolis Area Association of REALTORS®, inventory of homes for sale are down 32.5% (240-162) from a year ago while the average sale price has increased 9% to $236,550. Closed sales were up 37.5% and in January 2016 we had 1.5 months supply of inventory down form the same period in 2015 when there were 2.5 months supply of inventory. New listings were down 26.8% in January which may create more demand for homes now being listed for sale.
For more information and to see the full Bloomington, MN January 2016 Local Real Estate Market Update: click here
Curious of Your Home’s Value in Today’s Marketplace?
As your local real estate professional and neighbor, I am more than familiar with the current market conditions, home sales and real estate opportunities. If you or someone you know, is considering buying, selling, relocating — You deserve a neighborhood REALTOR® who will always have your best interest at heart,
Steve Casalenda of RE/MAX Results: www.stevecasalenda.com