The market’s up, the market’s down. Home are slow to sell, the mortgage rate will help houses sell quicker. We’re hearing it all these days but the Minneapolis Area Association of Realtors recently published market updates for 125 communities in the Twin City area in Minnesota.
The updates compare 2006 numbers with 2007 numbers in the following areas:
- New Listings
- Closed Sales
- Average Sales Price
- Percent of Original List Price Received at Sale
- Average Days on Market until Sale
- Single-Family Detached Inventory
- Townhouse-Condo Inventory
It is fascinating to look at the raw numbers that are most applicable to your situation to get a gauge on how the market is swinging for you. If you need help understanding the numbers or how they might fit into your plays for a move, contact an exclusive buyer agent.