Today's economic data indicates that the economy is improving, and it's no surprise that housing will probably move in tandem. With job data showing substantial sustained improvement, fewer people are unemployed and an increasing number of job holders are feeling more secure in their employment.
The uncertainties of the past few years are slowly fading, and housing appears to be also recovering slowly in many parts of the country. In my little corner of the world, Apple Valley, Minnesota, and the five cities that it touches have had a great first month of 2012. According to the Regional Multiple Listing Service of Minnesota, total units closed increased about 21%, from 180 in 2011 to 218 in 2012. Greater Dakota County likewise had an increase in January from 233 sold in 2011 to 311 sold in 2012. That's about a 33% increase, and it looks to me like a pretty good start to the year.
The increase in the number of buyers should not go unnoticed by anyone considering owning a new home. Competition for the best property in any price range will be greater this year, but probably not as great early in the year than later, and again not as great this year as next. Now is the time to make a lifestyle upgrade decision if you want the best possible value.
For more specific information about the real estate market in Apple Valley and its five neighbors, Burnsville, Eagan, Farmington, Lakeville, and Rosemount, drop me an email with your request. I also answer phone calls promptly.
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