October Market Update

While interest rates have stayed very consistent around 5 5/8% the sales activity has dramatically slowed.  While sales have slowed, about 3,000 new listings come on the market each week, leading us to a total of over 35,000 listings currently active on the Regional MLS system.  Sellers have to be aware of increasing market times and the need to consider price reductions.  Buyers haven’t had this much inventory to consider in years!

Posted by Aaron Dickinson - Edina Realty on 10-01-2004 at 02:10 pm
Posted in General with 0 Comments