Minnesota Real Estate Weekly Update

Finally, some good news for the Twin Cities real estate market!! The supply demand ratio for March 2008 is 8.72. This means there are 8.72 houses on the market for every one buyer. This is the lowest this rate has been in 9 months! Currently, there are 29,551 active listings on the market, an increase of 9.8% compared to this same time in 2007. 635 properties went pending this past week, a 16% drop compared to 2007, and 1,832 listings went onto the market, a decrease of 10.1% compared to 2007.

These numbers show in fact that the buyer is actively out shopping in our local market. Our team, The Minnesota Real Estate Team, is seeing increased traffic levels on our listings, as well increased buying activity with clients we are representing. Year to date, the team has sold 125 properties. Our goal in 2008 is to finish as one of the top 10 RE/MAX teams in the United States.

With that being said, you, the customer are our #1 priority. Are you looking to sell, to buy, you need to short sell? Whatever the situation may be, call us today at 952-223-1150.

There is a reason we have been the #1 RE/MAX team in Minnesota the last two years: we are hard working real estate agents here to work for you!

Look for another real estate update next week!