Shakopee Real Estate Inventory Low

It seems within the last few weeks the Shakopee real estate inventory has dropped to recent lows. Last time I check all Shakopee MLS statistics there were only 265 Shakopee homes for sale. Typically the Shakopee MLS seems to generally support 300-325 Shakopee homes for sale on average, but I would attribute the low Shakopee real estate inventory due to less forecloses coming on the market and also a lot of sellers that may not NEED to sell, just staying put for the time being.¬† I am hearing from many buyers being frustrating with the lack of good quality Shakopee¬†homes for sale on the market. It seems there is either a lot of unrealistically high homes on the Shakopee MLS for sale or there is a lot of plain junk homes out there. Banks keep saying they will be “releasing” more inventory, but I have heard that since the first of the year. Although we may be in a buyers market overall where many properties sit on the market, I have also seen many Shakopee real estate transactions with multiples offers. Make sure when looking on the Shakopee MLS you contact Shakopee real estate agents to find out if the home has any contingencies. Many buyers run into this frustrating situation and feel they are being lied to because many homes that are for sale on the Shakopee MLS can actually have contracts on the, but still show as active listings. My advice if you are looking to buy a home for sale in Shakopee is to be patient, act fast and be realistic. You Shakopee real estate agents know the market and can help put together a market analysis to advise you what a good price may be to come in at. Sometime even going over list price may be needed to get your offer accepted.