Minnetonka Realtors Update
Most Minnetonka Realtors have noticed the marketing improving in terms of buyers engaging in actively looking. Buyers looking for Homes in Minnetonka are inquiring in larger numbers than we have typically seen in the past couple of years. This theme has been more noticeable in the lower price ranges or below the 417,000 conforming loan limit.
Quality Inventory is down
Good clean homes that are fairly priced and not under water are becoming harder to find according to most of the agents we deal with. Realtors focusing on the Minnetonka area are having more difficulty accommodating their buyers that want to close in the near term and don’t have the ability to wait for a short sale sale.
Homes are going under contract quicker
The clean homes that are coming to market tend to go under contract within a month or so. Assuming the property is priced at market value or the average of the sold comparables over the last couple of months.