Minnetonka Real Estate Spring Market Stats

Spring has Sprung and new listings in this HOT Minnetonka real estate market are finally on the rise!

The following Local Market Update from the Board of Realtors shows a 20% increase in homes hitting the market with a 23% increase of closed sales over the same period last year. The report also shows a 1.9% increase in sales price which I find hard to believe as I am seeing multiple offer situations across the board. I will post another Minnetonka Real Estate Market Update Report when I see the June numbers.