The real estate market in Minnesotais continuing to see positive movement. As you will see here in MAAR's Monthly Skinny were MAAR'sPresident, Brad Fisher recaps the performance of the Twin Cities real estate market in 2009.
Here are a few of the video's key points for Minnesota's Real Estate Market in the Twin Cities Metro Area for the year of 2009.
Strong home sales + shrinking supply = signs of stabilization
Lender mediated properties were at their hight in Feb 2009 with 9,000 units and we now have just 5,700 units today
Pending Sale for 2009: 52,167 which is a 18.4% increase over 2008
Closed Sales Under $150,000 sky rocketed 72% over 2008
With the tax credit stirring eager home buyers and low interest rates and housing affordability we ended 2009 strong and have seen some health brought back into Minnesota's Twin Cities real estate market.
There is great opportunity for home buyers and sellers in todays Minnesota Housing Market. Interest rates are low, supply is shrinking and tax credits still available to first time home buyers with an expansion to additional qualifying buyers.
MAAR(Minneapolis Area Association of Realtors) produces a series of market reports that we have found to be of great value. These reports range from weekly market updates to lender mediated reports.
MAAR's real estate market reports can be used by you in a variety of ways. Some of my suggested uses are on listing appointments, blogs, Twitter, and Facebook updates and for website content. Use your creativity!
The real estate market in Minnesotais continuing to see positive movement. As you will see here in MAAR's Monthly Skinny were MAAR'sPresident, Steve Havig recaps the performance of the Twin Cities real estate market.
Here are a few of the video's key points for Minnesota's Real Estate Market in the Twin Cities Metro Area for the month of November of 2009.
Strong home sales + shrinking supply = signs of stabilization
Median Sales Price: $170,000
Pending Sale: 2,987 which is a 10% increase over Nov 08
Closed Sales: 4,304 an astonishing 67% increase over Nov 08
We project with the holidays and the extension of the tax credit we will see a slight lull in Minnesota's Twin Cities real estate market through the first of the year.
There is great opportunity for home buyers and sellers in todays Minnesota Housing Market. Interest rates are low, supply is shrinking and tax credits still available to first time home buyers with an expansion to additional qualifying buyers.
