What Buyer Activity Tells Us About the Housing Market
Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. Even with elevated interest rates, demand remains high.
The Homes and Lakeshore brand has a strong history in helping first time home buyers in Fergus Falls, and those buying and selling lakeshore and other property in the region. Homes and Lakeshore consistently ranks high in real estate sales for the 6-state North Central region.
Growing up on the lake, Karen Zell-Verhelst is an expert on our lakeshore communities, finding just the right fit for those desiring the lakes lifestyle. Or, when it is time to find a first home, move up to a larger home or help empty nesters downsize, you can rely on Karen’s dedication and follow-through.
Recently Karen made an important move to Trilogy Real Estate, a company built on the values of Community, Contribution and Collaboration. “A thriving community is what sustains business so it is vital to give back to the areas we serve,” Karen says. “A portion of each agent’s fees to Trilogy are retained and then donated to the charity or service group of our choice. I also greatly appreciate the third value of Trilogy- the entire group of agents that I work with believe in helping each other and collaborating together. Trilogy clients have an advantage when the whole team supports them.”
Whether introducing your family to a new community, or providing a free, comprehensive evaluation of your current home value, Karen’s collaborative approach, decades of experience and professional marketing support helps clients make a move with maximum peace of mind.
From Veterans or first time home buyers to seasoned buyers, sellers and investors, Karen takes great pride in relationships building and always works relentlessly on the client’s behalf to help them achieve their real estate goals.
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Karen is an extremely experienced agent that immediately brought buyers to our home. The listing photography was amazing. The team was patient with our many questions. The results? We accepted an offer within two weeks of listing. Karen even provided us with a free moving trailer!
We are so pleased with our experience as first-time homebuyers. Homes and Lakeshore was incredibly active in the pursuit to find the home that truly fit us, being flexible in accommodating our work schedules. We were often one of the first to see a new listing, adding to our success in closing on our home.
The Homes and Lakeshore team gave us competent and truthful assistance in determining our listing price and expertly negotiated with the buyer. No expense was spared on our listing, including outstanding photos inside and out by a professional photographer with a drone, distributing the listing to multiple sources and providing us regular updates.
Very professional, knowledgeable, and caring! Best experience we have ever had selling a lake home other than the purchase of out present lake home which by the way we bought through the Homes and Lakeshore team as well!
The Homes and Lakeshore team is able to vocalize the specifics and details of real estate in greater Minnesota. Making it a point to know their clients ensures homes we considered aligned with our needs, interests, price range and stage of life. We give them the highest recommendation possible.
The Verhelst’s worked hard on our behalf to get our house sold quickly and at a very good price. They know how to stage a house, ensure great photography, and have contractor contacts for any issues. They have an excellent reputation in the area that they have built over the past couple of decades. We … Continued
Be in the know and find out what is going on in the Otter Tail County Housing Market and surrounding area. Find out if it’s currently a buyer’s or seller’s market with up to date information about the trends going on in West Central Minnesota. We update this report monthly!
Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. Even with elevated interest rates, demand remains high.
Even with a shifting market, 2023 provides excellent opportunities to sell your Minnesota home. However, it may take a bit more planning than the frenzy of the past two years. The good news is, homes that are updated and priced at market value are still selling fast.
More homes are anticipated to hit the market this year, but still below pre-pandemic levels. Home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing. All great news for buyers. However, you will still need a competitive strategy to come out ahead. Here’s how to get started: