Barker and Hedges Real Estate Blog

How Does Our Current Market Compare to Last Year's?

What’s going on in the Twin Cities real estate market? Today, we’ll be bringing you a look at how this year’s market statistics compare to what we saw at this time in 2016.
 

What’s going on in the Twin Cities real estate market?

As you may remember, our last market update came just before the summer. The market was extremely hot, many properties were receiving multiple offers, and sellers were getting top dollar.

So, how do things look now? Well, what we’re seeing this year is consistent with the trend we witness every year. Inventory starts low in January but builds through the summer. Then, the inventory levels resume a downward trend in the fall.

Now that fall has arrived, we’re currently seeing this same trend. So, let’s get into some specific numbers.

"What we’re seeing this year...