March 31, 2008
Good Morning! Here is the quick Monday Morning Market update for Roseville MN, Falcon Heights and Lauderdale. Which Is MLS district 702. It is the entire zip code of 55113.
|%of SFH Under Con||8.28%||13.55%||12.20%|
|% of total Under Con||8.58%||12.07%||10.83%|
tips for sellers: You will notice that the amount of homes available jumped back up to 144 this week. We did see a good supply of quality homes enter the market place, most priced very competitively. Roseville market place remains stable with inventory absorption rate hanging just over 9 months, which is not bad, all things considered. ( months is still heavily weighted in the buyers favor (5 to 7 is considered a balanced market). Key tip, price your homes accurately against competing properties, be excellent with condition and presentation, your home WILL sell!
Buyer Tips: Lucky You! selection is awesome right now in Roseville and sellers, that are serious about selling, have priced their homes for you to buy. We have seen 2 incidences of multiple offers this week just on our team. This is re-affirming what we already know- The best homes that are conditioned and priced accurately are selling immediately. Be prepared to make a very strong offer if you find the home you are dreaming of, chances are someone else has it as their dream home too!
Interesting Note: in the twin Cities right now, 7 out of 10 homes listed do not sell in during their initial listing period, 3 out of 10 DO SELL, and seem to sell quickly. And less than 10% (1 out of 10) of all active inventory is pending at any given time. Make your home a top 10 home and you wiil be a hppy seller and there will be a happy buyer!
See you next week! Thanks for reading!
Keller Williams Roseville