MINNESOTA HAS A STRONG NOVEMBER COMPARED TO THE US.

Although national real estate statistics show a decline in real estate statistics for November of 2015, Minnesota is the beneficiary of a number of factors which gave us a very strong market in the same month. Pending sales increased 18.1% over November of 2014. All the other factors of the marketplace also showed very positive signs, especially for sellers. Although December statistics are not out yet, from my personal experience this December I would judge that it could be a very strong month statistically also. Although we saw the normal holiday dip in activity, the performance in our office was very good overall. This is even though we had a slight jump in interest rates which has been expected for some time. And January really appears to be off to the races. A number of agents are reporting that the market is quickly becoming very active this year. The long and short of it is that if you expect to sell your home this year, it is not too early to start the process. If you are a buyer, I would get in the market right away as interest rates are expected to edge up this year. To see a complete report on how Minnesota fared in November see the press release from the Minnesota Association of Realtors that I have posted on my website, Mnhomesbydave.com under the Real Estate News tab. Thanks.

David Feerhusen

David Feerhusen

Broker/Realtor, CDPE, GRI, CRB
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