Market Watch March 18th-24th

Market Watch March 18th-24th 

With the COVID-19 situation we are all feeling the effects in many ways. My goal is to keep you informed as much as possible on our real estate market.

I have some market information for you. This first chart is showing how are showings have slowed down this past week. Even with showings down our market actually is still strong. The next two chart is our market activity for the last 7 days and today. All information taken from our Minneapolis Association of Realtors.

The next several charts is showing our market activity over the last several months. We have low inventory but sales are up and home affordability is up due to low interest rates. All information is from the Minneapolis Association of Realtors.

Over the next several weeks I will keep you all informed on our market with my blog on social media.

On a personal note, in the past week I have been out with many clients showing houses and putting in offers and going to home inspections. So business has not slowed down for me but assuming it will a bit in the next week or two. I say this is a perfect time to buy with rates down and maybe not so many buyers out maybe we can get a house and not be in a multiple offer situation like I have been for the past 3 months.

Rates are for the most part still pretty awesome but they go up and down every day. This could be a great time to talk to your lender and refinance. If you need a great referral give a call or text me.

Are you thinking that now or in the near future maybe be time to by a home? You can Contact Me directly or you can Download my Ultimate Buyers Guide.

If you Are thinking of BUYING in today's market I would love to help you. I have great people on my TEAM that can help you learn more aboutmortgages and how much you can qualify for and afford.

Check out the Mortgage Calculator Too!