For all those potential home seller's in Oakdale MN who have been trying to decide when they should put their home on the market the Durham Executive Group have very good news for you!!!
From the graph you see below you will note some very good housing news for Oakdale MN this year as the months supply of homes for sale continues to decline for traditional home sales. From September 2009 the montly supply of homes was 7.8 months and now you will note there has been a dramatic shift downwards of over 32% through September 2011 with Oakdale MN now having a 5.5 months supply of traditional homes for sale.
Keep in mind, that in real estate the general rule of thumb is if there is a 1-5 months supply of homes it is called a 'Seller's Market', a 5-6 month supply of homes and it is called a 'Balanced Market', and if there is 6+ months of homes for sale and it is called a 'Buyer's Market'. Between now and early 2012 we are likely to see the annual continued trend of the number of traditional Oakdale MN homes for sale reducing over the winter months before going back up slightly again next year. Why is it important for home seller's to see the monthly supply of homes for sale decline? Simply because of supply and demand for those buyer's who want a turnkey move in situation. Quicker home sales and improved sale prices should be the end result in many cases.
The thing for a seller to keep in mind is that fall and winter is still a good time to sell as the number of competing homes for sale in Oakdale usually drops as seller's take their home off the market allowing for less competition. John & Becky Durham provide strong marketing, negotiation, and communication skills and have sold all of their 2011 homes much quicker than the average months supply of homes for sale in Oakdale MN that you see below.
***The graph below has been provided by the Minneapolis Area Association of Realtors***