“So how’s the market?” Some agents are asked this every day. The answers can range from “good” and “favorable” all the way to “historically affordable” and “my seller sold their house in 4 hours”. Perhaps the best answer is “It depends.” On what, you ask? Market performance is dependent upon many things, including but not limited to geographic area, market segment, time period, data source and more.
We’re shining the spotlight on a different metric in a different area each week. This week, we’re looking at inventory in Mound. Inventory in Mound is up 18.9% since May 2013, compared with a +4.0% increase for the entire Twin Cities region. Many consumers are eagerly watching inventory numbers for signs of additional properties for sale. With these early increases, an emerging pattern may just be upon us. Those shopping for one of these homes in Mound, try to stay out of Lake Minnetonka for a few weeks.