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Dakota County Market Summary For First Three Quarters 2011

By
Industry Observer

The first three quarters of 2011 have passed, and Dakota County real estate results are in.  According to data from the Regional Multiple Listing Service of Minnesota, Inc., There are 2315 active residential real estate listings in the county with 3721 closed sales so far this year.  That would calculate to a little under six months current inventory.

44% of the closed sales were disclosed to be distressed property, either lender owned or short sales.  The fact that over half of the sales were not distressed property should encourage homeowners who are considering trading for another residence.  Priced right, a non-distressed home can compete with foreclosures and short sales. 

If your home is among the 2700 cancelled or expired listings in Dakota County so far this year, call for a no-obligation failed listing analysis.  You will receive candid, not candied information with absolutely no sugar coating.  Call if you want information or help.

Posted by

 Mike Carlier  Lakeville, MN

 

612-916-3033

 

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