Shortage of Homes on the Market... Thinking outside the box to solve it!
The number of homes on the Market is at a LOW!!! To date, 2016 has given us an average of a 2.1 month supply of homes on the market. In my 11 years of Real Estate, I have never seen numbers this low! EVER! Buyers are frustrated and feel like they are 'stuck'...
Why is there a shortage of homes for sale??? Why are the number of homes on the market at all time lows??? What are some possible reasons sellers are staying p...Get the Skinny on Real Estate Trends in Your Area! February 2016
The Market continues to CLIMB! January Real Estate statistics have been gathered and the picture it is painting make our local real estate market a seller's market!
January 2016 showed the following changes from January 2015.
*A 17.8% increase in closed sales
*A 3.5% increase in pending sales
*A 22.2% decrease in the number of homes for sale
*A 10.3% increase in the median sales price
*A 32.3% DECREASE in the mont...
Otsego Real Estate Market Continues to Flourish! Why?
Otsego is a community located right between Albertville and Elk River. There are several great reasons to consider life in Otsego!
1) Otsego has great highway access to Interstate 94 and Highway 101 and 169!
2) There are several Amazing Parks to visit and enjoy.
Otsego Regional Park Beaudry Meadows Park Frankfort Park Kittredge Park Lily Pond Park Prairie Park & Splash Pad! School Knoll Park Zimmer Park Carrick Waterfront P...2015 has come to an end... Real Estate Continued to Appreciate!!!
The Data has been crunched, the numbers compiled and the report written! The Minneapolis Area Association of Realtors 2015 Annual Report is out!
Overall the data showed...
*The number of new listings increased 5.1% in 2015 from 2014.
*The number of closed sales rose 13.7% in 2015 from 2014.
*The number of homes for sale fell 21.8% in 2015 from 2014.
*The median sales price rose 7.0% in 2015 from 2014.
*The average sales pr...Get the Skinny on Real Estate Trends in Your Area! January 2016
The Minneapolis Area Association of Realtors has released the December 2015 statistics. The link below is predicting a 'balanced market' in 2016. I'm not sure how... Maybe the predicted interest rate increases will slow things down a bit, but with inventory levels this low. It will take a lot of houses to balance this market.
December #'s
Closed Sales up 12.1%
Pending Sales up 12.3%
Number of Homes for Sale down 21.8% leaving...Otsego Home Sellers, 2016 is Your Year!!!
2015 has set Otsego Home Sellers up for a Great 2016!!!
The number of Homes for Sale decreased by 13% from January to December 2015!
The number of Days a Home was on the Market decreased 30.8% from Jan to Dec 2015!
Sellers recieved 98.1% of their original list price!!!
If you have ever thought about selling, 2016 is a great time! Contact me to discuss just how much equity is in your home!
How to Succeed in Real Estate! Come hear Bill Pankonin Speak! What he has to say has the potential to change your today and tomorrow! He is Truly Amazing!
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