September Market Update

September 10th, 2004

Interest rates in August and early September continued to hover below 6%…. currently as low as 5 5/8 on a 30 year fixed mortgage.  This decline and the “back to school season” lead to a stronger August than July.  Housing inventory continues to climb and is quickly becoming a buyer’s market.  From now until February, home sales progressively slow before the seasonal “Spring Market” begins in March.

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Edina Realty
612-605-2252
Edina Realty Aaron Dickinson
Licensed in MN


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September Market Update