Monday, August 24, 2009

A bit behind

Oops! I've fallen a bit behind on the blogging front. Things really took off over the last month, buyer after buyer after buyer. Which is a great thing for me, my buyers, and the market. Nothing too fancy about this post, just a few links to give you an update on the market.

The first is MAAR's Monthly Skinny video. Just a quick look at how things are going in the Twin Cities real estate market.

Link number two is the Twin Cities Weekly Market Activity Report, again put out by MAAR. There's some good news contained in that report. The first bit is that there are fewer homes available per buyer than at any point since 2005 (thanks to Chelsie Foty for pointing that out on her FB post). So, what does that mean?? It means three things to me, more buyers are out buying houses, not as many houses are coming on the market, and houses aren't sitting on the market for as long as they have been over the last few months/years. The second point is one that has been true all year, and that is that pending sales are up over last year. This is the result of two things, pent up demand, and the first time home buyers tax credit. The later has really had an impact and I'm curious as to how things will be when its over at the end of November.

Thats all for now, I'll be posting more soon. No, really, I will.

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