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Real Estate News and Views

MN homes market update

MN homes market shows a slight blip of a recovery!?  Home prices stabilized a bit from the same month a year ago for the first time since July of 2006.
The median price went from $155,00o to $157,000 of a MN home sold from January 2009 to January 2o10.
However, is all looking rosy with the MN [...]

Absorption rates in Eden Prairie real estate

What in the world is an absorption rate?  In real estate, Realtors like to look at all kinds of data and statistics.  Absorption rate by definition is the rate at which the current inventory turns over.  I will explain how it is calculated, and then I will explain what that means as a buyer [...]

Eden Prairie point of sale inspection

We had a meeting today with the city of Eden Prairie’s building inspections manager, Steve Schmieg.  He came to get input and talk about the possibility of  implementing an Eden Prairie point of sale inspection program. 

Multiple offers returning on MN Houses

The market is showings signs of improvement.  I am seeing more people coming through open MN houses which is one indicator of market conditions.  Sort of ‘taking the pulse’ of the market you could say.  A few months back, I would hold opens and it wasn’t uncommon to have no one come through.  This last [...]

Edina Condo Sales

Just a little breakdown on the market on Edina ondo sales.  I am always asked what is happening in the Minneapolis area housing market and I think it is fun to show a more microscopic  piece of information or data on specific areas.  This is just that, a view of what is happening in the [...]

Minneapolis Real Estate Market

The following you tube video is provided by the local Minneapolis Association of Realtors and I think is a pretty good clip updating agents and consumers about the Minneapolis real estate market.

Sometimes I don’t always agree with the press and what they say the statistics are regarding the Minneapolis real estate market.  Not that I [...]

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