WEATHER CONTINUES TO CONTROL SALES, By Alan W. Olson, Broker
by Admin Admin
on Tuesday, May 28th, 2013 at 11:08am.
The Lion of the winter and spring has controlled the sales of real estate in 2013. Sales of units are down 10% through April of this year from a robust increase from the same period a year ago. Our Minnesota winter has always controlled real estate sales. Sales soar when temperatures soar and they decline during a harsh winter.
The good news for sellers is that the amount of homes for sale has dipped 24% from last year. As a result, we are once again seeing multiple offers. It is an excellent time to sell as indicated by a 6% reduction in time to sell and a 2% increase in the percent of original list price received.
The good news for buyers is that the housing affordability has remained at record levels.
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 onces and the trends.