It’s déjà vu all over again with Low Inventory in the Twin Cities

In January of 2016, we made this blog post about the very low inventory on the market, and this year, it’s more of the same!

January 2017 inventory

Low inventory is driving up competition, and with that competition, prices are on the rise. Multiple offers are the name of the game right now on the hottest new properties. Homes are selling faster now than they were at this time last year, and at a greater percentage of asking price.

2017-03-06_1338

Inventory levels may be rising, with spring market around the corner, but there’s good reason to believe that the competition will remain high.

For a look at the complete report, visit spaar.com.

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About the Author

Katy Korby is the CFO of the Korby Home Team. Her passion is ensuring that our clients have an out-of-this-world experience selling their homes with the Korby Home Team. Katy comes to us with a diverse background and a unique skill set that enhances the client experience. Her attention to detail and care for people make her a wonderful asset to the team. Graduating with a degree in Theater, Katy has performed in numerous plays and most recently starred in a locally produced indie film that is being entered info film festivals around the nation. Katy’s experience in the work world include many positions within the accounting world including tax preparation, bookkeeping, and full-charge accounting. Most recently before joining the Korby Home Team, Katy was the Market Center Administrator for Keller Williams Integrity Realty in Roseville, where she was the full-charge accountant and handled budgeting and forecasting for the company as well as day to day operations and administration of an 80 person real estate office. Katy and her husband have two children, Libby and Calvin, and have lived in Como Park for almost two decades. In 2013, Katy completed the Tough Mudder 10 mile event and is a proud member of the “Finishers” group! For fun, Katy loves reading, photography and gardening and spending time with her family.