According to information gathered from the Regional Multiple Listing Service of Minnesota, Inc., the number of year over year total closed home sales has increased about 0.34% in these six selected cities which represent almost three quarters of all transactions in Dakota County. Data from the entire county shows a drop of about 0.45% since last year. Here are the individual year over year changes in number of sales through May 31:
Apple Valley (0.85%)
Burnsville 2.39%
Eagan 0.92%
Farmington 1.01%
Lakeville (3.52%)
Rosemount 0.48%
What do these numbers mean for someone contemplating buying or selling real estate today? Not much. We may surmise that the market activity in Dakota County is relatively stable, with few changes in the number of residential real estate transactions. The year over year changes to not seem to support contentions that the tax credits of 2010 had significant effect on the local housing market.
If you're thinking about buying a home Dakota County in 2011, call me to arrange for a free home buying strategy session. It takes about 90 minutes, and it will give you a good foundation if and when you decide to take action.
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