The truth about the state of the Twin Cities metro area housing market.

Is the Twin Cities metro area still in a seller’s market? The short answer is yes. Lawrence Yun, the chief economist at the National Association of Realtors, acknowledges this.

Inventory levels are still at historic lows, leading to multiple offers on many properties. In fact, in the past few weeks, I’ve observed multiple offers on every property when working with my buyers. If you want your offer to get accepted in today’s market, having an experienced agent is crucial. To help you win, I’ll discuss this topic further in another blog post, including how I successfully secured four buyer contracts under contract purchase agreements without the need to waive inspections.

“The Twin Cities metro area is in a seller’s market.”

For now, let’s focus on sellers. If you’re interested in learning about the insights of the chief economist at CoreLogic, Clare Trapasso from Realtor.com, and Jeff Tucker, the chief economist at Zillow, you can click on these links respectively:

Lawrence Yun, Chief Economist at the National Association of Realtors (NAR)
Selma Hepp, Chief Economist at CoreLogic
Clare Trapasso, Executive News Editor at Realtor.com
Jeff Tucker, Senior Economist at Zillow

It’s important to note that every market is different, but the Twin Cities market is particularly hot. If you’re considering selling, now is a great time to start a conversation about it. Call or email me anytime, and I’d be happy to help.