Real Estate Market Update

Real Estate Market Update

Existing Home Sales Continue to Rise

Sales of existing homes moved higher in April for the second straight month despite inventory shortages. According to the National Association of Realtors®, total existing home sales rose 1.7 percent in April and are 6 percent higher than April of last year. Sales surged in the Midwest, where home prices are still the most affordable.

New construction also continues to build steam as we head in to the prime building months. Single family permits were up 2 percent in March. Golden Valley lead the way with 172 permits issued. Overall the market continues to remain healthy due to low mortgage rates and modest seasonal inventory gains.

If you would like to get pre-approved for a loan or get a second opinion, click here and find out what you qualify for and what your payment would be.

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As always, if you are looking to buy or sell, please contact me,

Angela Niece 952-261-9695

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Phone: 612-305-8487
Dated: May 25th 2016
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