The Gerard Team Blog: Home Sales in Stillwater Minnesota November 2010 - What Slowdown?

Home Sales in Stillwater Minnesota November 2010 - What Slowdown?

Home Sales in Stillwater Minnesota November 2010 - What Slowdown?

Home Sales in Stillwater Minnesota November 2010The latest home sales monthly numbers just came out for Stillwater Minnesota and I'm happily surprised.

Let's look at these home sales numbers:

At 26 homes sold, monthly sales were just two less than last year, which was the last month of the 2009 home buyer tax credit! WOW! Year to date, there are 18 more sales this year than last - not bad since the 2010 tax credit expired 7 months ago at the end of April.

In November 2010 both the median sale price and average sale price were up 31% and 24% respectively. Now, you might wonder how that compares to the rest of the year and the answer is... pretty good! Year to date the median sale price is up almost 10% and the average sale price is up over 6%. Keep in mind the tax credit ended 7 months ago so we've had plenty of time to see a change in the home sales numbers if it was going to happen.

Percent of original price received at sale and average days on the market for Stillwater, Minnesota have gone a bit in the wrong direction but year to date are still comparable to last year. Also the number of single family homes is up from last year over 13% and if supply stays high then prices will go down and affect home sales.

The bottom line is that home sales in Stillwater Minnesota in November 2010 and for the entire year are bucking the trend. Accurate pricing, great condition, and strong marketing are the way to be on the right side of these numbers.

For analysis of what it would take to get your home sold cantact us at 651-351-0087 or check us out online at www.NateGerard.com

Comment balloon 1 commentNate Gerard • December 11 2010 05:56PM

Comments

Good numbers Nate.  Now we just need to keep getting people Pre-Approved and showing them homes at incredible values!!

Bring it on.

Steven Brand - NMLS#261849  - iLoan  - 612.386.5306  (MN Doc and WI DFI)

 

Posted by Steven Brand, NMLS# 261849 (Hancock Mtg Partners) almost 8 years ago

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