Rochester Building Permits On the Rise

Rochester MN Real Estate Agents David and Lois Marris of Edina Realty provide up-to-date information on the Rochester MN Real Estate Market.

The spring construction season is upon us and Rochester couldn't be happier. This year we have more to celebrate than just warm weather and sprouting flowers. New home construction permits are on the rise. That is good news for home owners hoping to sell their home, for home builders and the economy in general. It shows that we have begun to work through our over supply of housing and people are opting to build again. Construction crews are out in mass, happy to have work.

Twenty-nine new home permits were issued in the month of April. When you compare this with just 20 permits issued from January to March you begin to understand what all the excitement is about.

In 2004, a record 962 single family permits were issued. An abundance of single family home building continued into 2005. As the housing industry bubble burst we were left with an oversupply of vacant new construction homes. Recent signs lead us to believe we have worked our way through our vacant home inventory and people are ready to build again. We have seen a reduction in total available houses. Specifically we have seen a reduction in available vacant homes for 6 consecutive weeks, many of these being new construction.

While many people feel the real estate market is in a slump and you should not sell, we have a different opinion. If you need to sell, now may be the perfect time. Buyer demand is increasing and many sellers have yet to realize this. If you are considering the sale of your home, contact us at 507-398-3251 or DavidAndLoisMarris@EdinaRealty.com. We'll help you beat your competition to the market with a custom marketing plan designed just for you!

To read a full story on the jump in home building permits, visit the Rochester Post Bulletin.

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David and Lois Marris are top producing REALTORS at Edina Realty of Rochester, MN. Edina Realty is the top real estate brokerage in Minnesota. For more information regarding Rochester MN Real Estate visit our web page at www.DavidAndLoisMarris.com. Contact information: DavidMarris@EdinaRealty.com, LoisMarris@EdinaRealty.com, 507-398-3251.