Tami and Steve's I-94 Minnesota Real Estate Blog: April 2011

Saint Cloud, MN Real Estate | Tami DeLand and Steve Hansen
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Friday, April 15, 2011

APRIL 2011 - Housing Market Update

Friday, April 15, 2011


Coldwell Banker Burnet

Information from THE THING, Interactive Market Analytics from the Minneapolis Area Association of Realtors

We will look at six statistical charts that define today's housing market. The information is provided by our local MLS provider and is specific to the St.Cloud area. Even though today's market is at a low point (comparable to 2000) the downward trend is flattening. Supply is declining, the number of days on market is on the decline, sellers are generally capturing 90% or better of their listed price and the falling median sales price is leveling. Here is a closer look:


April Median Sales Price

Median Sales Price: The median sales price for all closed sales in a given month, sold properties only. The median sales price is down 3.7% compared to last year during the same time period. The upper price brackets have improved slightly (1.6%).


April Percent of Orig Price

Percent of Original List Price: The average percentage found when dividing a property's sales price by the original list price, sold properties only.


April Days on Market

Days on Market: The median number of days between when a property is first listed and when it is pended.

SUPPLY GOOD NEWS - ABSORPTION RATE or Number of Homes Available Per Buyer is DOWN 5.5% - We are currently under 12 homes per buyer. We need to get to six homes per buyer for a balanced housing market.

April Supply in Months

Months Supply: Compares the number of active listings available to the average monthly pending sales for the last 12 months.

NEW LISTINGS OVERALL DOWN 22% this is critically low!

April New Listings

New Listings: A count of the properties that have been newly listed on the market in a given month, regardless of what status they're currently in.


April Closed Sales

Closed Sales: A count of the properties that have had closed sales in a given month. The upper brackets ($200,000 and above) are off to a relatively slow start with a 31% drop in closings this year.

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---Tami DeLand and Steve Hansen Saint Cloud and Central Minnesota REALTORS Coldwell Banker Burnet(320) 258-6675---St. Cloud Real Estate, Condos, Homes for SaleCentral Minnesota Real Estate---

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Saint Cloud, MN Real Estate | Tami DeLand and Steve Hansen
About Tami DeLand and Steve Hansen's Saint Cloud and Central Minnesota, MN Real Estate Website: The www.I-94homes.com web site provides Saint Cloud, Waite Park, Sartell, Sauk Rapids, St. Joseph, Clearwater, Clear Lake, Avon, Albany, St. Augusta, Rockville, Coldspring, Righmond, Becker, Rice, Royalton, Little Falls, Monticello, St. Michael, Albertville, Rogers, Otsego, Maple Grove, Buffalo, Annanndale, Rockford, Corcoran, and Central Minnesota, Minnesota real estate information and resources to guide homeowners, homebuyers and real estate investors through the process of selling and buying a house, condo or other realty property in the Saint Cloud and Central Minnesota area. Tami DeLand and Steve Hansen (sometimes misspelled as Tammy DiLand, Tammi Deeland, Steven Hanson or Stephen Hanson) have services to help you get the best value for your Saint Cloud and Central Minnesota home and this website offers home buyers and home sellers a superior comparative market analysis (CMA), a way to view real estate and MLS IDX listings including virtual tours, prepare your home for sale, and more. Investors looking for real estate investment properties to invest in need look no farther. Anyone selling a home, buying a home or seeking housing can learn more about our realty services, and will appreciate working with   Saint Cloud and Central Minnesota REALTORs who know  the area so well. Through trusted partners, we also provide real estate and financial services to consumers looking for houses for sale or selling their home in Saint Cloud and Central Minnesota, MN, such as mortgages, credit history, new homes, foreclosures and other services. If you've already tried to go the for sale by owner (FSBO) route and find you are needing a partner who you can trust in the sale of your most precious asset, Tami DeLand and Steve Hansen can take care of your special needs. It really doesn't matter if you spell it REALTOR, Realator or Realter, realty, realety or reality, real estate or realestate, Tami and Steve speak  your language.
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