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Median price range as of September 2020 is $298,000. A =7.4% increase. All of the Twin Cities region, all property types, all construction types, all sizes, all bedrooms. Of course, prices vary by the individual house,  neighborhood, community and price ranges. Contact me for your personalized market evaluation that will determine your equity. https://northstarmls.stats.10kresearch.com/infoserv/s-v1/Ayf6-7jk

They want the right location with lots of space—and are willing to pay for it “the perfect house.” For Millennials—the largest demographic in today’s market—the budget-busting impulse was even greater. 76% of those in the 24 to 39 age range said they would exceed their allotted resources for a new home. And what is the […]

During the height of the pandemic, a lot of the lumber mills shut down. While Menards stayed pretty well stocked, the price of lumber shot up. The National Association of Home Builders reports that the price of lumber increased by 80 percent since mid-April. DIYers Face Lumber Price Hike for Home Projects

If you’re like most potential home buyers hoping to find your dream home for the right price, then you’re probably thinking: When is the best time of year to buy a house? Traditionally, spring is the most popular time of year to buy a home — but that may not necessarily be the “sweet spot.” Here’s what you […]

So, why is the housing market doing so well? WCCO spoke with realtor Lyndon Smith with Edina Realty, and MAR research director David Arbit. “That’s a multi-faceted answer, and I guess the first one is we’re short on inventory,” Smith said. Homebuilders aren’t keeping up with demand, and in the wake of the 2008 recession, […]