Apple Valley-Rosemount Real Estate Market Booming
Median prices are way up over previous year's levels, but Realtors say there's now a new problem: Not enough homes on the market to meet demand.
Please, someone, plant a “For Sale” sign in front of your house! Realtors say 2012 has been, and 2013 will likely continue to be, the closest thing to a boom market the Twin Cities region has seen in almost a decade: Prices are up—in some cases, spectacularly—the average amount of time homes spend on the market is way down, and the number of foreclosures, which tend to depress prices overall, has fallen considerably. Now, all the market needs is more sellers. “We’re very encouraged by the recovery we saw in 2012,” said Andy Fazendin, president of the Minneapolis Area Association of Realtors (MAAR), at a Friday news conference to announce the organization’s annual market-results survey. With the area’s economy recovering and interest …
