Eagan Residential Sales Increased 21% In 2011
Eagan, Minnesota has had a substantially improved year for sales of residential real estate. According to the Regional Multiple Listing Service of Minnesota, there were 775 residential sales in 2011, which is approximately 21% more than the 640 tallied in 2010.
While there are many ways to measure market trends, the total units sold represents buying interest and also suggests that there may have been more qualified buyers in 2011. 2011 sales also exceeded 2009 by about 3.5%. 2009 and the beginning of 2010 were the years of the homebuyer tax credits, and many analysts believed that the credits would influence buyers to accelerate their plans to the detriment of the years following. That does not seem to have significantly affected 2011.
With an economy inching its way forward, and with improved real estate sales, there is cause for optimism that the worst of the real estate crash is behind us. While home prices may go up or down, the drastic fluctuations of the past years will probably not be repeated soon.
If you're thinking about buying or selling real estate in 2012, you need all the location-specific information you can find. We invite you to make us your source of information about Eagan real estate and all your questions about buying and/or selling a home. Calls and emails will be answered promptly.