Real Estate Sales Rebound in Otter Tail County, by Alan Olson, BrokerPosted by Admin Admin on Tuesday, July 10th, 2012 at 10:32am.
Sales of lakeshore property and housing outside of Fergus Falls have increased dramatically - a full 75% over 2011 at this time and 34% above the state average. Inventory of homes for sale has dropped as well. What is interesting is so far in 2012, average lake home sale prices are down 10% while sale prices of other housing have held steady.
It is a good time for both buyers and sellers because of increased sales, less inventory, prices and record low interest rates.
My advice for buyers and sellers entering the market.....use a professional full time real estate agent that knows not only the past comparables but one who knows the present ones and the trends.
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