If you’ve got fogged windows, you may want to think twice before entirely replacing them. In some cases, the fix may be more simple (and less expensive) than that.
Today I’d like to shed some light on a common concern among buyers and sellers in our market: fogged windows. This seemingly small detail can cause a lot of anxiety, as many people assume that the only way to fix a fogged window is to replace it entirely. But replacing windows can be a pricey project, especially if more than one is being replaced. So before you take the plunge and replace the whole fixture, contact a company that deals with fogged window glass. The solution may be as simple as replacing the glass pane. If this is the case, you could easily save thousands compared to what a window replacement would cost.
Our median sale price has continued to rise and currently sits 10% above its previous peak. Here’s what else you need to know about our current market.
It’s time for another update on the Twin Cities real estate market. First, we have some very exciting news. Looking back, the previous peak of our market was in 2006 and 2007. During that time, the median sale price was right around $240,000. Now, as we fast forward, we’ve exceeded that peak and are currently around 10% above where this previous peak was. Our current median sale price is around $260,000.
This median sale price is up because inventory is down and demand is up. It feels like we’ve been talking about this for a while now, and it has continued into this year. However, there is one thing that we’re starting to see change a little bit. Pending sales are starting to slow. We’re still in a pretty strong seller’s market, but those pending sales numbers are declining a little bit more than usual.
"We’re currently 10% above our previous median price peak.”