What you will notice is that all three categories of homes for sale (traditional home sales, foreclosure home sales, and short sale home sales) reflect different trends in terms of Oakdale MN Average Days on Market for Home Sales 2011. Traditional home sales in Oakdale are seeing the number of days a home is on the market reducing fairly significantly, while foreclosures (lender owned) have gone up significantly, and short sale days on market are still high. This particular agents view on this subject is that Oakdale home owners after 5 years of depreciation in the market place have a much better perspective on their homes true worth, while short sale owners are not in a hurry to sell due to free rent, and banks are moving slower and establishing higher sale prices than earlier years.
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 allowing for less competition. Contact John & Becky Durham to schedule a time to meet and discuss your real estate plans. We provide strong representation to both sellers and buyers.
Note: The graph below is provided by the Minneapolis Area Association of Realtors.