Market Updates

Many home owners keep their finger on the pulse of the market by knowing what's for sale near them.
Receiving market updates by email is a great way to get up to date information about their specific twin cities area. It's a great tool for those who are not sure when to sell, but would like to know exactly what the market conditions are like near their home. It is also useful to anyone who would like to move into a specific area of the twin cities, but aren't sure when.

Statistics

Get the recent statistics right now from Edina Realty here. Click on "Market Update" to see twin cities area market statistics including average days on market and absorption rate.

As of January 2nd. "The Twin Cities and surrounding areas are expected to continue their post-boom correction in 2008. With some of the correction already behind us, many experts in the industry feel that we are beginning to work our way back to a more balanced market. New construction is showing positive signs for a recovery as inventory levels come down with units priced to sell and fewer permits issued in 2007. And, we expect to see a more normal increase in property listings and look forward to more activity at open houses. Overall, we anticipate some pent up demand among buyers resulting in increased activity in the first quarter." -- from EdinaRealty.com