Happy New Year!

Happy New Year!  The last couple weeks of 2004 were very quiet in the real estate market.  Buyers, Sellers and REALTORS alike spent time with friends and family and consequently very few transactions took place.  On January 3rd I walked into the office and saw many lively and refreshed faces… and a lot of positive energy.  REALTORS see a good year ahead and are ready to get moving.  According to projections by the Minneapolis Area Association of REALTORS, January will mark a dramatic decrease in the number of homes for sale versus sales.  This suggests that demand is increasing faster than supply, which should help support prices and reduce days on market for houses currently for sale.  Please click on the link below to view.

Supply-Demand Ratio – Click here to View