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Twin Cities Home Sales Hit A Hot Summer Pace: 31.4 Percent Fewer Days
Date:8/20/2013

Twin Cities, Minnesota (PRWEB) August 20, 2013

Twin Cities home sales are snapped up faster year over year, taking - 27.3 percent fewer days to sell a home, according to the Minneapolis Area Association of Realtors. For the 12-month period spanning August 2012 through July 2013, Twin Cities Pending Home Sales were up 11.8 percent overall, with home sellers pleased to be selling their homes faster than anticipated.

"Knowing what to expect when you list your home for sale has changed in recent months. Most homeowners are excited when they put their house on the market with visions of moving up to a better home or off to preferred job in another city. However, today, home sellers find they need to be prepared to move fast. Twin Cities homes as selling almost as if being snatched as quickly as a falcon dives for prey," says Jenna Thuening, owner of Home Destination.

Details in the Twin Cities housing report include:

  • In July of 2013, it took an average of 72 days to sell a home; whereas the average was 105 days in July of 2012.
  • July saw a decease of 31.4% in length of days to sell a home.
  • In June of 2013, it took 74 days to sell a home; in June 2012 it took an average of 113 days.
  • June saw an even more significant decrease of 34.5%.

"Whether that’s the case across the Twin Cities is difficult to determine. Reliable data aren’t available for the Twin Cities, but agents say multiple offers are occurring on 30 to 50 percent of housing deals, depending on the listi
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Source: PRWeb
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