According to current Central Minnesota MLS market data:
There were fewer listings in August 2007 than in July. This adjustment in inventory should lead to fewer days on market for sellers.
Listings SOLD went up from July 2007 to August by 15 units. If this trend continues, we will also see fewer days on market.
The absorption rate in the St. Cloud Metro Area (St. Cloud, Sauk Rapids, Sartell, Waite Park and St. Joseph) declined from 10 months in July 2007 to 9 months in August. This is positive movement toward a more balanced market.
If you are curious about the absorption rate, days on market or other specific data in your neighborhood, give us a call or email!
