There’s no doubt that this has been the busiest Spring market we’ve experienced in a few years. Demand continues to overcome supply, causing prices to rise.
If you’re a buyer searching for a home in Rochester or surrounding areas, you may be experiencing multiple offer situations or you might have missed out on seeing a home because it sold on it’s first day on the market.
The Northwest quadrant of Rochester saw the most home sales in April, almost doubling that of the SW quadrant and tripling home sales in NE & SE areas.
“Average Days on Market”: how many days it takes a home to sell from the day it’s listed for sale. That number has held steady for the past few months at approximately 8 weeks.
Multiple Offer Situation Tip: increase the amount of earnest money you accompany with the offer as this will show the seller that you’re a serious buyer with a healthy financial situation.
I am a licensed Realtor with Edina Realty in the state of Minnesota.
Jenna@JennaMartindale.com | 507-993-7036 | http://www.JennaMartindale.com