Listing Inventory: How Many Months’ Supply? It takes a little deciphering, but those four numbers represent how many months of housing supply are currently available in St. Louis Park, Southwest Minneapolis, Golden Valley, and Minnetonka, respectively. The significance? All four of those markets are well below the 4-6 months considered indicative of a “balanced” housing...Read More
“Active’s” Loom Larger in Pricing Decisions Realtors and Appraisers alike rely on “Comp’s” — comparable sold properties — to estimate fair market value for any given home. By definition, a Comp is similar in style, condition, and size as the “subject property” (the one you’re trying to price); is physically nearby; and has sold in...Read More
