20 Jan When does the spring Minnesota real estate market begin?
A simple answer to that would be right after the Super Bowl like it has for many years. But weather can affect that and things unseen things like Covid/flu can have an impact. I do not expect either to slow the start of our spring Minnesota real estate season.
What to expect?
Look for more buyers coming into the market this spring, interest rates to gradually come down or worst case stabilize in the 5% range and inventory should increase but not enough to meet the increase in demand. We had a neutral real estate market this winter (which is neither a buyers or sellers) and I expect that to continue but exceptional homes that are priced well will see multiple offers but no where near the numbers of last spring. All experts predict Minnesota real estate will appreciate about 5.6% in 2023.
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The Anderson Team
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