Rice County Market Update

By
Industry Observer

According to data provided by the Regional Multiple Listing Service of Minnesota, Rice County has 387 active home listings with 566 closed sales so far this year.  There are 85 accepted offers awaiting closing, which suggests that, with another two and a half months left, 2011 could be a fairly good year.  Total homes sold should easily exceed the 2010 total of 642.

Like much of the rest of the country over the last few years, Rice County has experienced a decrease in number of homes sold.  The steep price drops over that period seem to have slowed.  Although there is no reason to believe that home values will return to the levels of five years ago, it's comforting to see some stability to current levels.  As the overall economy improves, the housing market should do likewise. 

This is a great time for anyone who is willing and able to consider graduating from renting to owning.  Rice County financing options include zero down payment programs and easy qualifying.  If you're thinking about firing your landlord, call or email to arrange a new home buyer orientation and buying strategy session. You may find that owning your own home makes more sense than renting.

If you're a home owner who has had your home on the market with nothing to show for it but an expired listing and a fishbowl full of showing agents' business cards, call or email, and I'll prepare a failed listing analysis.  It may nor be pretty, but it will be accurate.

Posted by

 Mike Carlier  Lakeville, MN

 

612-916-3033

 

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Rainmaker
4,164,903
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Mike, this sounds like good news for Rice County, and hopefully the days of decreasing prices are over!

Oct 11, 2011 03:19 AM #1
Ambassador
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I'm with Joan - sounds to me like some good news in your local housing market. Reason for buyers to call you and start buying...and reasons for you to pop open a beer. (not some chemical filled diet soft drink)  Cheers. :)

Oct 11, 2011 07:50 AM #2
Rainmaker
522,222
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

Joan and Debb, thanks for reading and commenting.  The overall market seems to have at least adjusted to the slower pace of the last few years.  There is a long way to go, but people seem to have reason to believe that they are regaining their residential mobility.

Oct 11, 2011 08:40 AM #3
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Rainmaker
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Mike Carlier

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