Of the 17 new homes that hit the market last week near Lake Nokomis, 2/3 sold in the first week with half receiving multiple offers.
2 reasons -
1) low inventory - there are only 25 homes available to buy surrounding Lake Nokomis
2) lower mortgage rates - the 30yr mortgage is 3/4s of a pint lower than this time last year.
If you've been thinking about putting your house on the market in 2026, NOW is the time to get the process started.
Reach out with any questions!
Are Minneapolis houses still selling? Part 2
