This is something we have been hearing from a lot of buyers lately. There just aren't a lot of homes to choose from right now. Even so, we have been finding people homes. If you look at it the buyers are partially right. There are a lot less homes for sale right now than there were this time last year in Minneapolis. Minneapolis as a whole has 18% fewer homes for sale than at this time last year. The Linden Hills neighborhood of Minneapolis has 7.8% less homes for sale. The Longfellow neighborhood of Minneapolis has 29.5% fewer homes to choose from and Nokomis has 22.4% less inventory than this time last year. If you are a buyer and excited about the low interest rates but can't find what you are looking for... "hang in there." We are coming up on the time of year when the highest number of homes go up for sale. If you are a seller... you should be excited! Low interest rates + low inventory = a higher sale price for you in most cases. 

 

If you want to buy a home in Minneapolis start your search here.

 

If you want to sell a home start here for a free home evaluation.