By Chad Huebener
Hi all,
Here are two quick little tidbits that are interesting if you are watching the housing market. While they pertain to the metro as a whole, we can still take away their value for West Savage.
Months Supply of Inventory – At 5.7, this is the lowest MSI in more than two years and a full 32.9 percent below last year. This bodes well for sellers in general, but the higher price ranges are still seeing buyer's markets.
Housing Affordability Index – At 207 and improving, this is welcome news. This means that the average family income in the Twin Cities region is 207 percent of what it takes to qualify to purchase the median priced home.
Comments