Buyers and sellers found 2017 to be an interesting year in Twin Cities Real Estate. During the spring we saw competition on many price points, especially those under $300,000. Buyers encountered multiple offer situations for in nearly all neighborhoods of the Twin Cities. The average sale price for a home has had a steady climb over the past few years of around 5% year over year. This is likely to continue into the coming year.
So what does 2018 look like on the whole? The answer comes down to a few factors, notably: