Numbers for January 2008
single family homes
Richfield real estate market is waking up from the slumber. Many home owners whose homes are on the market are experiencing more showing activity this week. Here is a summary of the MLS data for January 2008:
Homes currently on the market ( on 2/5/08): 166
Homes listed during January - 50; average list price - $225,447 +1.10% from December 2007
Pending transactions during January - 12: average list price - $209,717 - 1.10% from December 2007
Home sales closed in January - 20; average sale price - $196,834 - 1.27% from December 2007
For a complimentary list of homes for sale or a complimentary market analysis go to my website at www.LivingInTwinCities.com
Market Temperature: Three homes listed in January sold in the same month! Two of them were under $200,000 and the market time was 13 days and 20 days. One home was priced in mid- $270s, and the market time was 19 days.
Sellers, if you are planning on selling your home within the next two to three months, call me for a complimentary market analysis. Hire the agent who has the tools to bring you the right buyer!
Buyers, are you ready? We offer a free consultation to help you determine the timing and the price range. We are knowledgeable about financing options, including first time home buyer programs.
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