Minnesota Real Estate Weekly Update

For the week ending March 1st, 2008, the Twin Cities real estate market did produce some good news. There were 680 pending sales for the week, a drop of only 4.9% compared to 2007. The number of pendings has steadily risen each week, showing increased buyer activity here in our market. There were 2014 new listings that went onto the market, an increase of 4% compared to 2007. Overall, there remains 30,112 active properties for sale here in the Twin Cities. This is an increase of 12.3% compared to 2007.

This past weeek, The Minnesota Real Estate Team learned that, based on our 2007 sales volume, we were the #42 RE/MAX team in the US for 2007. We also found out we were the #86 team in the world! In both Top 100 rankings, we were the only Minnesota RE/MAX team.

Year to date, the team has 138 sales on the books! Please contact us at 952-223-1150 to learn how we can help you get your home sold! Or if you are looking to buy, call or email to learn how our team can help you in this market.

Look for another real estate update next week!