Weekly Update | August 18th, 2023

Market Insights for August 18th, 2023

What’s happening in the Twin Cities Real Estate Market? ?? These insights are provided by our team.

August 1st – August 18th: Fully Accepted Offers

• Inspections waived 27%
• Pre-MLS sales 4%
• Cash 16%, Conventional 67%, FHA 13%, VA 2%
• The average purchase-to-list price is 100.9%, Median purchase-to list price is 100.0%
• Seller Contribution towards buyer’s closing costs 35%
• Home warranties included an 8%
• Contingent on the sale of the buyer’s home 13%
• Escalation clauses included in 7%
• Appraisal gaps included in 15% of financed purchases
• Cancellation rate of 3%

How important is it to give my buyers and sellers the BEST experience? I’m here to help! It’s been an Honor and a Blessing to have 46 years as a Full-time, Experienced Realtor helping good people like you with your housing needs.

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