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Sooner or Later, You'll Call Jim Slater
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July 9, 2018

It’s a Seller’s Market!

There is no better time than right now to sell your home. For the week ending June 30th, 2018, the Minneapolis Area Association of Realtors reported that the number of pending sales increased 1.1% to 1,864, decreasing inventory by 16.5% to 1,519. This decrease in inventory has increased the average percentage of a home’s list price received to a whopping 100.2%. This is the highest number that we have seen in over a year. Home buyers are starting to offer more than the list price for the homes that they love in order to not miss out on them. This puts sellers at a huge advantage, especially as families looking to buy scramble to move into new homes before the school year starts up. Sellers also are not having to wait very long to get out of their homes, as homes can expect to sit on the market for an average of 47 days, which is also one of the lowest numbers that we have seen in the past year.

Every home purchased through Slater Realty Group helps to support Smile Network International.

Smile Network International funds surgical missions and provides necessary supplies needed to repair birth defects, with a focus on cleft lips, cleft palates and other conditions requiring surgical intervention such as burns, tumors or other genetic defects.

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