Substituting One Mystery for Another Sometimes it’s a mystery why a “For Sale” home on MLS is sitting, unsold, after months (and months) on the market. Sometimes, it’s not. My clients wanted to see a certain Linden Hills home on Sunday, so I requested a showing on Friday. When I didn’t get a confirmation or...Read More
“We Can Always Drop the Price, Right?” Yes, But . . . Don’t leftovers come after Thanksgiving, not before? Not when it comes to the housing market. In my own neighborhood close to Minneapolis’ Cedar Lake, I’m aware of at least half a dozen very nice homes which came on the market as far back as...Read More
Two Types of “Non-MLS” Listings Not every “For Sale” home is on MLS. That’s the case even if the home is being represented by a professional Realtor. Why would a homeowner who truly wants to sell not want to reach the broadest possible range of prospective Buyers (on MLS), and instead quietly market their home?...Read More
Key Statistics: Not Just Price Which statistics are most important for getting a handle on the housing market? Certainly, trailing price changes are important. But, there are various such indices, and the best known ones (like Case-Shiller) track entire metro areas, not individual municipalities (let alone neighborhoods). It’s well and good that the Twin Cities...Read More
The “House-by-House, Block-by-Block” Housing Market Close-in, high demand area? Check. The home pictured above is in Minneapolis’ Bryn Mawr neighborhood, just west of downtown and northwest of the Lakes and Uptown. Affordable for first-time Buyers? Check. The $259,9k asking price is right in the middle of one of the housing market’s hottest price points. Nice...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
