Happy New Year! Hard to believe that we’re already a decade into this century.
It’s been well-established that 2009 was a difficult year for the economy, and the Rochester area real estate market was no exception with lower volumes, long market times, and decreased prices. On a positive note, the downward shift was less than half of that experienced in the previous year and average market time dropped nearly a week to reach an average of four months.
Homes are still selling, particularly those that are priced appropriately with respect to the adjusted market. Across the market, shorter market times are associated with more accurately priced homes. Although December had lower sales than a year earlier, the fourth quarter showed signs of encouragement with a 14% increase in the number of homes going under contract.
For the latest in all the local real estate stats make sure to check out http://www.shawnburyska.com/real-estate-statistics.php
As a Realtor I strive to combine the most comprehensive marketing strategies with an in-depth knowledge of local market conditions in order to help my clients achieve their goals. With the assistance of my dedicated team, I closely monitor the market to stay informed of changing conditions, take the time with each and every client to understand their individual needs, and follow through the entire process from start to finish. Please let me know if there is anyone you know that could use my services. Word of mouth is the best praise possible!
Shawn Buryska ABR, CRS, GRI
Coldwell Banker Burnet Realty
507-252-6745
Related posts:
- Monday Morning Market Update – Real Estate Market Conditions for Rochester, MN
- Rochester MN Real Estate Update (Week of January 22-28, 2007)
- Rochester MN Real Estate Update Week of January 8-17, 2007
- Rochester MN Real Estate Update Week of January 15, 2007
- Home Selling Strategies for a Normalizing Market
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