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Continued: Home sellers get ready to dip back into market

  • Article by: JIM BUCHTA , Star Tribune
  • Last update: May 31, 2013 - 12:05 AM

 

Jim Buchta • 612-673-7376



 

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  • Todd and Laura Bjorgo are scrambling to get their Cottage Grove townhouse on the market. An agent told them that it is worth $30,000 more than last year, and they want to upgrade to a house with a yard and more space for their two toddlers.

  • Todd and Laura Bjorgo have waited years to sell their townhouse but are ready now. “I’d rather hurry up and sell because with prices rising, everyone else is going to do the same thing.”

  • New listings in Twin Cities

    December 20122,855

    January 20134,798

    February 20134,858

    March 20136,150

    April 2013 7,059

    Peak (May 2006)11,402

    Low (Dec. 2011)2,855

    In April, the median home price hit $182,312, the highest since September 2008 and the 14th month of year-over-year price gains.

    Source: Minneapolis Area Association of Realtors

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