MAAR has released their new market stats for the month of May and I'm trying a new idea: I've added commentary to the report expressing what I believe are the important "take aways" from the data. I would love to get feedback both on the concept and your thoughts of my opinion. Minneapolis/St. Paul Real Estate Market Stats for May 2008 with commentary. … [Read more...]
Minneapolis/St. Paul MLS Addresses Foreclosures & Short Sales… Kinda
June 10, 2008 by 2 Comments
The RMLS of Minnesota, which is the governing body of the MLS in the Twin Cities and is owned by the 4 local REALTOR associations, has made some policy changes in regards to the reporting of foreclosures on the MLS, effective on Thursday: The "In Foreclosure/Lender Owned?" field: Initially will be an agent-only field (not available on Customer reports or on public Web sites through Broker Reciprocity). Options are: Yes, No and Not Disclosed For NorthstarMLS, Foreclosure is defined as the homeowner being … [Read more...]
Here comes statistics in a video
June 2, 2008 by Leave a Comment
Jeff Allen @ the Minneapolis Area Association of REALTORS,�my good pal after the months of working on the Lender Mediated Sales Report together, has started what looks to become a once-a-month summary video of the highlights from the MAAR reports. Granted the info discussed is all the positive stuff, but hey, that's what a good marketing campaign is all about. … [Read more...]
The Best Time of Year to Buy a Home
December 4, 2007 by Leave a Comment
Historically December has been about the best month possible for buyers to negotiate with sellers simply because in the month of December there are so many listings on the market and so few buyers! Likely due to the holidays, this seasonal drop in demand is significant enough that our "Percent of Original List Price Received at Sale" typically hits its bottom in January... which would be when most offers in December would close. This is a great time to make an offer, but you still have to have a willing … [Read more...]
