More buyers entered into purchase agreements last week than during any non-tax credit year since the peak bubble year of 2006. That is to say the 1,076 signed contracts outpaced all of 2007 and all of 2008!
The week ending June 25th enjoyed a 52.2 percent increase over the same sluggish, post-credit week in 2010 to reach 1,012. New supply brought online by sellers fell below year-ago levels for the third straight week. The number of active listings for sale dropped 14.6 percent to 25,500, the largest decrease in 73 weeks or since January 2010.
What does that mean? Buyers are interested and houses are selling!
Single Family Homes near Rice Lake in Maple Grove: There are 30 active homes on the market today. There were 4 new listings, 1 pending homes and 1 sold home!
St. Louis Park & Calhoun Area Condo & Townhouse Market Update: There are 102 active condos and townhomes on the market today; 3 new, 4 pending homes, and 3 sold homes.