Good news, home sales are up 5.7% in Plymouth, MN but there's a catch

So finally we get some Good news, home sales are up 5.7% in Plymouth, MN but there's a catch the MN statewide median sales price is down 8%!

In the south central and northwest regions sales through February rose more than 25% which is a huge improvement year over year.

Good news, home sales are up 5.7% in Plymouth, MN but there's a catch

So what does this data tells us?? That there are still buyers in this market but the sellers are mostly foreclosures and/or shortsales and that means that values and prices will continue to drop.  Most data I have read is that prices will fall again in 2011 between 10-20 percent from last year!  If you are a buyer in this market you are one lucky duck because you are not only buying your house on the cheap but you are financing at historically low interest rates as well.

If you are one of these lucky ducks and you are in the market to buy a home give me a call today at 612-250-1544 to lock in a historically low interest rate because it is time to stop waddling around.

Good news, home sales are up 5.7% in Plymouth, MN but there's a catch