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There are several positive factors happening in the market. First is the number of new listings is continuing its downward trend. We had 1614 new listings this week compared to 1793 for the same week one year ago. That is a 10% decrease. Pending sales has continued its upward trend with 698 homes pending compared to 568 the same week one year ago. That is a 21.1% increase. Active listings is continuing its trend downward with 30,495 actives compared to 33,649 the same week last year. This was a 9.4 decrease. The three month average is at -7.6% so less homes are on the market. Days on market has help steady since June. Average days on market for September was 145. Days on market in March 08 was 165 so we headed in the right direction. The percent of original list price received at sale was at 92.2%. A slight decrease in this number compared to the previous three months.
If you have any questions on this information please don't hesitate to contact me.
If you have any questions about this information please feel free to contact me.
Kenden Post-Ketterling Group
Coldwell Banker Burnet-Apple Valley
(o)952-997-1960, (f)651-209-0989
Here is the information for home sales in Savage, MN. for the month of September 2008;
| Savage, MN | September | YTD | ||||
| Scott County | 2007 | 2008 | Change | 2007 | 2008 | Change |
| New listings | 86 | 84 | -2.3 | 897 | 770 | -14.2 |
| Closed sales | 32 | 24 | -25 | 295 | 240 | -18.6 |
| Avg. sales price | 291765 | 274586 | -5.9 | 285278 | 258556 | -9.4 |
| % of original list price | 94.4 | 93.4 | -1 | 95.9 | 93.2 | -2.9 |
| Avg. days on market | 154 | 116 | -24.5 | 130 | 146 | 12.7 |
| Single family inventory | 192 | 184 | -4.2 | |||
| T/H-Condo inventory | 114 | 111 | -2.6 |
If you have any questions about this information please feel free to contact me.
Kenden Post-Ketterling Group
Coldwell Banker Burnet-Apple Valley
(o)952-997-1960, (f)651-209-0989
Statistics courtesy of Minneapolis Association of Realtors
Here is the information for home sales in Rosemount, MN. for the month of September 2008;
| Rosemount, MN | September | YTD | ||||
| Dakota County | 2007 | 2008 | Change | 2007 | 2008 | Change |
| New listings | 61 | 59 | -3.3 | 718 | 608 | -15.3 |
| Closed sales | 36 | 26 | -27.8 | 294 | 261 | -11.2 |
| Avg. sales price | 286746 | 223380 | -2.1 | 280414 | 242548 | -13.5 |
| % of original list price | 94.2 | 93 | -1.2 | 95.7 | 93.8 | -2 |
| Avg. days on market | 106 | 95 | -10.5 | 120 | 127 | 6 |
| Single family inventory | 134 | 125 | -6.7 | |||
| T/H-Condo inventory | 98 | 91 | -7.1 |
If you have any questions about this information please feel free to contact me.
Kenden Post-Ketterling Group
Coldwell Banker Burnet-Apple Valley
(o)952-997-1960, (f)651-209-0989
Statistics courtesy of Minneapolis Association of Realtors
Here is the information for home sales in Prior Lake, MN. for the month of September 2008;
| Prior Lake, MN | September | YTD | ||||
| Scott County | 2007 | 2008 | Change | 2007 | 2008 | Change |
| New listings | 107 | 75 | -29.9 | 1127 | 908 | -19.4 |
| Closed sales | 30 | 35 | 16.7 | 303 | 244 | 19.5 |
| Avg. sales price | 342691 | 314908 | -8.1 | 326580 | 27674 | 0.3 |
| % of original list price | 94.1 | 91.6 | -2.7 | 95.4 | 92.2 | -3.4 |
| Avg. days on market | 152 | 159 | 5.2 | 148 | 169 | 13.8 |
| Single family inventory | 246 | 250 | 1.6 | |||
| T/H-Condo inventory | 150 | 144 | -4 |
If you have any questions about this information please feel free to contact me.
Kenden Post-Ketterling Group
Coldwell Banker Burnet-Apple Valley
(o)952-997-1960, (f)651-209-0989
Statistics courtesy of Minneapolis Association of Realtors
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