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Weekly Market Activity Report
The January 2010 Twin Cities housing market has shaped up to be nearly identical to January 2009.
* Pending sales are down slightly from a year ago, but not by much.
* New listings are down slightly from a year ago, but not much.
* Inventory is rising slowly, but not much.
After the roller coaster ride the local market has experienced over the last four years, perhaps "not by much" is a welcome respite.
* There were 558 signed purchase agreements for the week ending January 23, down 2.3 percent from a year ago.
* New listings posted 1,522 units, down 0.6 percent from a year ago.
* The current inventory of active listings is 20,629, down 17.5 percent from a year ago.
The February 2010 Supply-Demand Ratio sits at 6.99, which means there are 6.99 homes available for each buyer. That's a drop of 8.5 percent from a year ago and the lowest February mark since 2006.
Have you received a Notice of Default on your property? What are your plans? Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact:
Kathleen Lordbock REALTOR/Staging & Short Sale Specialist
Keller Williams Realty Brainerd Lakes
Don't just walk away - there is hope, there is help!
Weekly Market Activity Report
The January 2010 Twin Cities housing market has shaped up to be nearly identical to January 2009.
* Pending sales are down slightly from a year ago, but not by much.
* New listings are down slightly from a year ago, but not much.
* Inventory is rising slowly, but not much.
After the roller coaster ride the local market has experienced over the last four years, perhaps "not by much" is a welcome respite.
* There were 558 signed purchase agreements for the week ending January 23, down 2.3 percent from a year ago.
* New listings posted 1,522 units, down 0.6 percent from a year ago.
* The current inventory of active listings is 20,629, down 17.5 percent from a year ago.
The February 2010 Supply-Demand Ratio sits at 6.99, which means there are 6.99 homes available for each buyer. That's a drop of 8.5 percent from a year ago and the lowest February mark since 2006.
Have you received a Notice of Default on your property? What are your plans? Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact:
Kathleen Lordbock REALTOR/Staging & Short Sale Specialist
Keller Williams Realty Brainerd Lakes
Don't just walk away - there is hope, there is help!
Nice Posting..........
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