‘Tis the season for real estate sales activity to slow down. In addition to a typical seasonal slow-down in sales, the extended and expanded tax credits have contributed to a dip in sales activity as buyers reset their tax credit clocks to a new deadline: April 30, 2010.
Market overview
128
Cumulative days on market*
21.2%
Fewer listings on the market than 1 year ago totaling 52046
43%
Of the inventory that has sold in last 30 days has had a price adjustment
34.4%
Increase in sales over last year
14
For every sale that takes place, there are 14 more properties that haven't sold
23
Showings for every home that sells (From Edina Realty appt center statistics)
Based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC.
* CDOM (new) is a truer measurement of total property marketing time.
