COVID-19 Real Estate Market Update – What You Need to Know

COVID-19 Real Estate Update

Welcome back to another Washington County real estate market update from The MAX Team!

We live and work in South Washington County, Minnesota. Our real estate expertise stands the test of time this area, specifically with Woodbury real estate, Cottage Grove real estate, Lake Elmo real estate, and the surrounding areas.

In lieu of COVID-19, the National Board of Realtors has come out with their predictions for the current real estate market. Here’s what you need to know:

  • The market is still very strong
  • The number of listings on the market decreased by 10%
  • There are still multiple offers on listings
  • Prices are NOT expected to decrease
  • Spring & Summer market are expected to
  • It is a seller’s market

If you are considering selling your home and would like to find out what your property is worth on the current market, visit our website for a *free* market analysis.

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