Mankato Real Estate

Mankato Housing Market Report, Is Now the Time To Sell?

Let's take a look at the market activity for the last week of December 2009.  The active listing inventory has drastically dropped to below 20,000 in Minneapolis and the surrounding areas. Inventory is at its lowest point since April 2005.
.
New listings dropped 18.9 percent from last year as well.  The Minneapolis Association of Realtors expects 2010 to begin slowly due to the frigid cold temperatures we are currently experiencing.  The most recent housing outlook report from the association states sales rose at the end of the year for single family homes, however this was due to the first time homebuyers tax credit.  Many buyers received close to their asking prices as well.  Home sales look the strongest in the more affordable price ranges.- below $190,000.  Homes sales  above this amount are down by 10.5 percent.  So the lower ranges seem to be a seller's market however the higher prices seem to present challenges for sellers.

More statistics include the following for the week ending December 26, 2009 

But keep in mind, most people sell their home because of the time of their lives, not because of the timing of the market!   You know better than anyone why you are considering selling your home. Is it the size of your home, a job transfer or maybe a family situation? Whatever the reason for selling your home, you need to time it for your life. Call me so we can sit down together and discuss your personal situation and your options. You know why you need to move; I just want to help you get there faster. Call me today to make sure your timing is right for you!