Tuesday, March 18, 2014

Cold hard facts....

Yes, it still feels like winter, but the real estate market (especially in Minnetonka) has really been heating up.
Here are a few graphs to illustrate what I'm seeing out there:

First- let's look at the number of homes for sale over the last three years in one of my favorite areas, the boundaries of Groveland Elementary School ---


Next, let's look at days on market over the last three years in that same area:


And lastly, let's see how that lack of inventory and fast pace is affecting sales prices:


If you didn't think this was a good time to sell... take another look!!!