November Market Update
Interest rates have slipped to as low as 5 3/8% in the last month and are currently hovering around 5 1/2%. The slowdown in sales we’ve seen the last month has continued to accelerate but sales are still strong for homes priced aggressively. Sellers that are intent on selling their home yet this year should consider a price reduction now to bring in buyers while they are still out in some strength. Once Thanksgiving passes, the market really tapers off.
As can be seen on my home page, if a buyer visits this site and purchases and closes on a house yet this year I will provide them with a FREE 1 year home warranty! Couple that with the strength in buying power due to the low interest rates and time of year and buyers have the potential to save thousands of dollars versus waiting till the spring!
Posted by Aaron Dickinson - Edina Realty on 11-05-2004 at 10:11 pm
Posted in General
Minneapolis/St. Paul Housing Affordability Up 4.5%-October Minneapolis/St. Paul Market Statistics Update-Sales still going, but are slowing-March Market Update-
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