March of 2013 is turning out to be the same as February 2013. Here’s what I wrote last month, and everything is still the same this month. The only item I have to add is that the price gain over last year is 17%.
The market still remains a sellers market, with not enough inventory, and a flurry of buyers trying to get homes. 75% of the homes that I have written offers on have been in multiple offers, from as few as 3 offers per home to 14 offers on one particular home. The entry-level price point is very strong in most of the areas around the Twin Cities. The inventory is down 31% from last year, which is a 10 year low.
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