Minnesota Real Estate Weekly Update

The tide is slowly turning here in the Twin Cities real estate market. This past week saw only 2,152 new listings come onto the market. This is down 19.6% from 2007. 893 properties went pending, a decrease of only 0.3%. And lastly, there are 32,234 active properties for sale, a decrease of 0.4% compared to last year.

This is good news indeed for our market.

Year to date, our team is seeing a large increase in buyer activity. We have 207 accepted closings on the books for 2008. This is an increase of 74% for our team compared to 2007.

Our team's goal in 2008 is to be one of the top ten REMAX teams in the country. We are currently #1 in Minnesota through the end of April.

With this being said, we pride ourselves in getting results for our buyers and sellers. If you are looking for a great purchase on a bank owned property, call us today at 952-223-1150. If you need to get your property sold, call us as well. We are always here to help.

Look for another real estate update next week!

Minnesota Real Estate Weekly Update

Finally some good news for the Minnesota real estate scene! For the week ending April 12th, there were 858 pending sales! This is only down 3.8 % from 2007. 2,156 new listings went onto the market. This is down a whopping 20.1% compared to the same time in 2007. Right now, there are 31,915 active listings on the market. This is up only 1.3% from 2007.

The conclusion: more pendings, less inventory coming on the market....eventually will lead us back to a more balanced market. These are very good numbers indeed!

If you area homeowner and you need to short sale your property, check out our short sale team led by Mary Alice Short. They are knowledgable, hard working, and they get results for our sellers.

If you are a regular home seller and would like information on how our team can help out, email us at Ryan@MnRealEstateTeam.com or call today at 952-223-1150. Year to date, the team has sold 193 homes. Simply stated, we bring results for our sellers.

If you are a real estate investor, plug in to our seminars. Call or email us today for more info!

If you like talk radio regarding real estate, tune in Saturdays, 3-5 PM on 100.3 KTLK, FM to The Minnesota Real Estate Show. We take your calls all throughout the week at 1-800-396-0406. Check out the show site and all of our wonderful preferred partners at www.MnRealEstateShow.com

Look for another real estate update next week!

Minnesota Real Estate Weekly Update

2,313 new listings came onto the market here in the Twin Cities this past week. This is a modest 0.5% decrease from 2007. 780 properties went pending, a decrease of 18.1% compared to last year at this same time. 31,615 active listings are now on the market. The overall inventory level is only 3% higher than where the market stood last year.

As far as the supply/demand ratio, we have 7.96 houses on the market for every one buyer. For comparison sake, we had 6.5 houses on the market per one buyer in April 2007, and we had 5.28 houses on the market in April of 2006.

Currently we have 9.6 months worth of inventory on the market, up 23.9% compared to 2007.

The Minnesota Real Estate continues to offer help for buyers, sellers, and investors alike. We have our real estate 101 investing seminar this Wednesday night at 6:30 PM. Please call 952-223-1150 for more info!

Year to date, the team has sold 187 properties! The market is not all down...not all "doom and gloom!" Work with a professional on your next purchase or sale....work with the #1 Real Estate Team in Minnesota, The Minnesota Real Estate Team!

Minnesota Real Estate Weekly Update

More good news for the Twin Cities real estate market! 1,971 new listings came onto the market, however this was a refreshing 14.8% drop compared to last year at this exact same time! Pending sales were down only 15.9% compared to last year, with 719 properties receiving acceptable offers. Overall inventory levels went to 31,176 listings. This is only a 4.7% increase over last year. Lastly, there are currently 7.96 houses on the market for every one buyer.

These numbers show that the local market here is not as bad as many think. Buyers continue to make offers and pick up properties at great prices.

The Minnesota Real Estate Team also has seen an increase in overall activity for our agents. Year to date, we have 177 accepted sales set to close. This is up 73% compared to last year at this exact time.

For all of your real estate needs, call us at 952-223-1150. We were again the #1 real estate team in Minnesota in 2007! Put us to work for you!

Look for another real estate update next week!

Minnesota Real Estate Weekly Update

Finally some good news for the Twin Cities real estate market! Only 1,774 new listings came on the market this past week. This is down 26.3% from the exact same time in 2007! In addition, 763 properties went pending. The number of newly signed purchase agreements (pendings) has been climbing each week. This too is a good sign for our market. Overall inventory levels remain at 30,904 active listings. This is up 5.5% from the same time in 2007.

The Minnesota Real Estate Team continues to have a strong sales year here in 2008. Year to date, the team is up 69.4% in total transactions compared to 2007. The team has 163 accepted sales on the books.

If you are investor looking to invest in real estate...a seller needing to sell....a seller needing to short sale...a first time homebuyer looking for advice....really whatever your real estate need may be, give us a call today at 952-223-1150. We have been the #1 real estate team in Minnesota the last two years running, and we pride ourselves doing anything we can to help out our clients.

Lastly, tune in Saturdays, 3-5 PM, to The Minnesota Real Estate Show on 100.3 KTLK, FM. We take any any all of your real estate related questions.

Look for another real estate update next week!