The Advisor June 2021
State of the Market This market is something no one has ever quite seen before. We are experiencing extremely low supply levels never seen before. So low in fact, that we only have roughly 1 month supply of homes to sell. Simply stated, if no other homes entered the market, the current “for sale” listings would be absorbed in less than a month. In contrast, a balanced market sits at roughly 5 months. What this means is that values will continue to push up and generate even more home wealth for those who own property. Do not let this discourage you from looking for your dream abode. There are still plenty of purchasing opportunities for those looking to make moves. What’s one thing you DO need? You need to work with a specialist who has a knowledgeable network and can navigate through today’s climate to discover your next dream home. Not all agents are specialists. My experience and passion for knowing all there is to know give me expertise that proves advantageous for my clientele.
How We Are Winning We stop at nothing to service our clients. Our bespoke services delight clients who want a perfectly tailored home property transaction. Hunting for properties not currently on the public market is an ongoing pursuit for us. The second you become a client, we go to work. We conduct marketing and media campaigns for both buyers and sellers. Representing our sellers with personalized and unmatched media is allowing our clients’ homes to secure contracts quicker, for more money, and with less market stress. We are coming out on top in today’s highly competitive marketplace due to our clearly defined vision and execution. The industry’s antiquated methods can no longer keep pace with how the Ryan Pertile Group presents property!
Signed Contracts: 13324 Huron Ct. Apple Valley Last Ask: $710,000
1240 S 2nd St. #403 - Minneapolis Last Ask: $575,000 2890 Forest Ridge - Chaska Last Ask $650,000 12644 Tiffany Ct - Burnsville Last Ask $650,000 We have many feature listings that have yet to be released. If you are curious about our private inventory, reach out to learn more about our Whisper Listings!
Current Market Stats New Listings = +1.1% Pending Sales = +7.5% Median Sales Price = $336,845 % of Original List Price = 103.3% Avg. Days on Market = 31 Days Inventory of Homes For Sale = -45.1% Month Supply of Inventory = 1 Month
*Citation: “Monthly Indicators” by Minneapolis Area Association of Realtors, April 2021
RYAN PERTILE TELEPHONE +1 612-805-0059 E-MAIL RYAN.PERTILE@EVREALESTATE.COM ENGEL & VÖLKERS MINNEAPOLIS 1601 HENNEPIN AVE • MINNEAPOLIS • MN 55403