Minnesota Real Estate Weekly Update

More good news for the local Twin Cities real estate market. The current number of homes for sale, 32,448, is less than the number that was for sale at this same time last year. We are down 0.4% compared to last year in total number of active listings. Pending sales dropped this past week to 804. This unfortunately is a 14.6% drop compared to the same time in 2007. This past week saw 2,155 new listings come onto the market, also a drop of 14.2% compared to last year.

Overall, these numbers do seem encouraging. We are seeing less homes being put onto the market, and slowly but surely, our existing inventory will continue to shrink.

Our team, The Minnesota Real Estate Team, continues to see an increase for both buyer and seller activity. Year to date, the team has 209 closings on the books for 2008. We are seeing a large number of investor buyers as well as first time home buyers looking to get into homeownership. We also have helped a number of sellers who have needed to short sale their home.

Please call us today at 952-223-1150 for any and all of your real estate questions. We are the #1 real estate team in Minnesota...here to help you with all of your real estate needs. Have a great day.

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!