Rogers Market Update November, 2008

As of November 30th, 2008 the Market Statistics for Rogers, MN, including Hassan Township

Single Family

85 Single Family Homes for Sale

5 Single Family Homes Pending Sale

6 Single Family Homes closed in the Month of November

100 Single Family Homes Sold in the past 12 Months

This gives us about 10 months of inventory on the market right now. That means that if no other homes were to come on the market, it would take about 10 months to sell off all of the existing inventory. A balanced market will have 5-6 months of inventory. Rogers is clearly a buyers market.

Pricing and staging are the keys to selling in Rogers. There have been many great deals on foreclosures, including new construction, that have put downward pressure on the non-foreclosure homes. The good news is that the Maple Grove market is still hot in the first-time homebuyer price range, which should send some of those buyers to Rogers, where they can find a newer or larger home for less money. Isn't that why a lot of us moved to this beautiful area in the first place?

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