The Lion of the winter and spring has controlled the sales of real estate in 2013.  Sales of units are down 10% through April of this year from a robust increase from the same period a year ago.  Our Minnesota winter has always controlled real estate sales.  Sales soar when temperatures soar and they decline during a harsh winter.

The good news for sellers is that the amount of homes for sale has dipped 24% from last year.  As a result, we are once again seeing multiple offers.  It is an excellent time to sell as indicated by a 6% reduction in time to sell and a 2% increase in the percent of original list price received.

The good news for buyers is that the housing affordability has remained at record levels.

My advice for buyers and sellers