Hot New Listings on (& backing up to) Highwood Rd. in Lake Forest Neighborhood If the Twin Cities housing market gets any hotter — at least in some neighborhoods — the local Multiple Listing Service (“MLS”) is going to have to supplement its “Days on the Market” statistic with another one: “Hours on the Market.” That’s...Read More
Ten Days on the Market? Or One?!? The housing market this Spring — at least for some kinds of homes, in some Twin Cities neighborhoods — is even hotter and faster than most people realize. That’s because a key MLS statistic that purports to track market time in fact significantly overstates how long a particular...Read More
Reassessing After Six Weeks of Market Time “April showers bring May flowers.” –Saying If it’s true that the Spring Market in the Twin Cities officially, umm . . . kicks off after the Super Bowl in February, what happens six weeks later, in mid-March? (In other words . . . now.) Owners of homes that...Read More
Lots of would-be Sellers this time of year wrestle with when to list their home — or whether to take their home off the market, if it’s already on. Sellers know (or should) that market time is their enemy. They also know that Buyer activity slows down over the holidays. Yet, as I like to...Read More
Now, THAT’S Patience Just as broken clocks are accurate twice a day, an overpriced home that sits on the market long enough is likely — eventually — to be overtaken by the next market “up cycle” and once again be well-priced. So, I’m aware of a handful of active listings scattered through the Twin Cities...Read More
How Long Should Sellers Wait to Reduce Their Price? “If a tree falls in the forest in forest and no one is around to hear it, does it make a sound?” –Philosophy riddle “If a Seller drops their price when the market’s slow, does anyone notice?” –Corollary, Ross Kaplan Not all “days on the market” are...Read More
