Lakeville 2011 Market Status and Projections

By
Industry Observer

Lakeville 2011 home sales totals are on track to exceed 2010.  According to data provided by the Regional Multiple Listing Service of Minnesota, Lakeville, has had 568 closed sales so far this year.  There are 49 accepted offers awaiting closing, which suggests that, with another two months left, 2011 total units sold should easily exceed the 2010 total sales of 605. 

There are 327 active home listings which calculates to about six months of inventory.  If you have a home to sell, the absorption rate, the calculation of the ratio of homes for sale compared to the number of homes sold, can help you form an expectation of the amount of time it will take to sell your home. 

There were 376 home listings in lakeville so far this year that have terminated, either because the contracted time limit had ended, or because the listing was cancelled.  If your home is one of those 376 Lakeville failed listings and you're thinking of trying again, we provide a service that analyzes listing failures. 

Our analysis is usually appreciated and sometimes not, but it is always candid.  Some folks have said that it's brutally honest.  Although it is a free service with no obligation, it's provided in expectation that owners who are willing to address the issues we identify may want us to help sell their homes.  Call or email to begin the process.

If you're thinking about changing homes and would like to discuss the feasibility of making a move sometime in the next twelve months, call to arrange a convenient time for a Lakeville market climate update and to receive an estimate of probable sale proceeds for your home.  There's no time like the present to commit to that lifestyle upgrade you've been dreaming about.

Posted by

 Mike Carlier  Lakeville, MN

 

612-916-3033

 

Comments (2)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Mike, it is good to see that other areas are also seeing the sales increase.  We are also seeing slightly higher prices.

Oct 28, 2011 05:33 AM
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

It looks like the metro and near metro are doing well this year.  Statewide, numbers are 50,452 YTD sold, with 4,841 pending  vs. 58,961 sold in 2010.  2011 may come up a little short statewide.  I think we're seeing some stability in the market.

Oct 29, 2011 05:03 AM

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