Anoka County market update 8/17/09 Minnesota

The market is indeed changing.

• Sales in Anoka County are up 22.3% from July 08 through July 09. 471 sales compared to 385 last July
• Median sale prices have declined by 18.7% to $154500 from $190000 last July.
• Average sale prices are down even more from $218,325 to $171,867 which verifies the effect we have scene on the lower priced market really heating up due to current first time buyer incentive program.
• Day on market currently is 137 days till sold
• Inventory is reduced year over year from 2570 homes for sale last July to 1813 this past July.
• Slightly more than a four month supply of homes which means we are moving back toward a more balanced market.
• The number of current disclosed foreclosure homes in the county is 271 which is down from previous months.

Information gathered from local MLS data and boards of realtors.

Great time to buy!!!!!!!!!!!!