Pre-Spring Market

Multiple offers, sold before the on the MLS, buyer needs emails internally…Inventory levels are low – real low right now.  However, we are starting to see the Pre-Spring Market come into play.  According to the St. Paul Area Association of Realtors (SPAAR), we are seeing an uptick in inventory as of last couple of weeks:

SPAAR Inventory Levels

 

However, when we examine where we are at today with regards to previous years worth of inventory, check this out:

SPAAR Months Supply

We are entering into 2016 with the lowest amount of inventory available for the past 12+ years!  Based on the activity levels we are seeing right now in our marketplace, if I had a home to sell – I would get it into this market as soon as possible.  If I was buying a home, I make sure I had my ducks in a row with financing, agent and have my templated letter ready to send with every offer talking about how much you love the home and will take care of it.  The little things matter in a competitive market like this.  Any edge you can gain, is important and necessary.

Based on early indications, it looks like our Spring Market is going to be similar to what we experienced last year which was very good for sellers and extremely competitive for buyers.

Travis Olson, Keller Williams

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.