Posted in: Market insights, Selling a home

Your home may be worth more than you think

Great time for Minnesota sellers

Those paying attention to the housing market may know there is a severe shortage of homes for sale in our area. In fact, we have not seen an inventory this low since December of 2003.

If you’ve been thinking of selling but are turned off by the rumors of low sales prices, you may be in for a surprise. Buyers are out there, and their biggest complaint is a lack of quality homes on the market. The result? Buyers are competing over homes they love, and sellers are benefiting from multiple offers, which can drive sales prices up.

Higher sales prices aren’t the only benefit of today’s selling market. Homes are also selling quickly as buyers snap up the properties they love.

If you’re wondering what your home may be worth now, let us help with a free home value estimate. There’s no pressure to list, and no obligation to hire an Edina Realty REALTOR® - just an honest analysis of what your home may be worth in today’s current marketplace

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings