twin cities: Under 10,000 Active Listings in the Twin Cities!!!
- 01/10/13 12:46 PM
Under 10,000 Active Listings in the Twin Cities!!! I looked at the monthly numbers today. December shows 2.9 months of active inventory. This equates to about 11,900 active listings. For comparison, we had almost 29,000 listings in July of 2010. Here's the interesting fact though, there are many listings under contract so we actually have about 9,400 active listings that are not under contract. I can't see any month or year where we've ever had so few listings!
So what does this mean for you as a buyer or seller? As a buyer, it means prices are going up. Maybe … (2 comments)
twin cities: Twin Cities Real Estate Numbers April 2012
- 05/02/12 07:39 AM
Twin Cities Real Estate Numbers April 2012 Today I’m talking to sellers. Understanding your opportunity is about understanding the market. “Opportunity?” you say, with both disdain and confusion in your voice. “What kind of opportunity does a seller have right now?!”
Well here’s the situation. Active listings in the Twin Cities have been steadily dropping for months and buyer activity has been wayyyyy up. I’m no economics major but it seems like a dwindling supply and dramatic increase in demand means good things for sellers. Let’s get into real numbers here: We’re down to 4.5 months of inventory, which … (0 comments)
As of the beginning of December we have a little less than 18,000 active homes for sale in the Twin Cities.
Sound like a lot? In actuality it isn’t. Firstly, this number is about what it was in late 2004, which means we haven’t had this few homes for sale in the Twin Cities since the height of the real estate boom. (Ah the good old days when homes would get snapped up in less than a week for full asking price.) Also when you … (3 comments)
twin cities: Twin Cities Real Estate Market Report October 2011
- 11/03/11 10:29 AM
Twin Cities Real Estate Market Report October 2011 Do you think you know what's going on in the Twin Cities Real Estate Market right now? Think it's all bad news? Guess again! There are some very interesting trends developing and I'm going to share a couple with you. Now, before you start to think it, I admit it. I AM a Realtor. However my job is to interpret the market not paint a rosy picture and I've helped my clients with research since my days working in advertising so this is not new to me. As of the end of October … (0 comments)
twin cities: The World Didn’t End on May 21st, but the Twin Cities Real Estate Rapture is Coming Soon!
- 06/08/11 05:12 AM
The World Didn’t End on May 21st, but the Twin Cities Real Estate Rapture is Coming Soon! The dreaded Double Dip is upon us! Are you a little bit curious about what comes next? If you don’t currently own and are looking to buy a home, you may be tenting your fingers together, putting on your best Mr. Burns impression and saying, “Eeeexcelent.” If you own a home, whether you need to sell or not, you may be asking yourself, “What happened to the American Dream of home ownership?!” Maybe you also added a few expletives… You probably heard that the … (0 comments)
twin cities: Why do banks want to be in the Rehab Business?!!!
- 11/23/10 10:38 AM
What goes through someone's head who: A) Lives outside this Metro Area and therefore can't manage contractors B) Knows next to nothing about what is needed to adequately rehab a home C) Thinks it's a good idea to put in just enough rehab for the home to sell to an owner occupant but not enough to justify a price comparable to traditional sales in the neighborhood I've seen some bad rehabs from local fix and flip investors but their lack of skill drives them out of the market since their product is bad. Unfortunately, the worst rehabs I've seen have been … (4 comments)
Under 10,000 Active Listings in the Twin Cities!!!
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