The Rochester Minnesota Real Estate market seems to have built a full head of steam as we head into the spring season Sales are robust and there have even been several reports of multiple offers on some well priced properties

After a solid five year run of record home sales, the market is readjusting itself to a more normal level Most of those who wanted to move have moved

For several years low interest rates and low down-payment percentages enabled home buyers to get into increasingly larger and more expensive homes Then as home prices rose, home sellers took advantage of the “equity” in their existing homes to move up to even bigger, more expensive homes