2013 Housing Stats for Minneapolis

Home for Sale 2013 was a good year for real estate in the Minneapolis area.  This video will give you the details:

The Monthly Skinny

2014 is projected to be another good year, with modest (single digit) price increases expected.  Interest rates are projected to rise slightly to around 5%.  A conventional 30 year fixed rate mortgage is currently around 4.5%.  Inventory level is expected to rise slightly – it’s been at an eleven year low – as more sellers come into the market.  If you’re thinking of selling, this could be your year to make a move.  Now would be the perfect time to start discussions with your agent if you’re thinking of selling in the spring.

As always, let me know if I can be of assistance.  Stay warm!

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About Bob Gilbert, GRI

Realtor with Edina Realty, Prior Lake, MN
This entry was posted in Minneapolis Area Info and tagged , , , , . Bookmark the permalink.

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