Predictions for St Cloud Real Estate Sales in 2007
I am anxiously awaiting the turn of the year so that I can start compiling my year end numbers of homes sales on the St Cloud MLS. Below are my predictions (we'll see how accurate my guesstimates end up being):
I predict that sales will be down from 2006 approximately 14% for the total number of homes sold.
I predict that average and median home prices will be approximately 1.5% lower than 2006 with some areas actually showing slight increases due to the price range of homes that were sold.
I predict that the time on market it takes to sell a home actually went down - further proof that the homes at great prices are still moving fairly fast.
Big prediction - 2008 will continue to be a sluggish year in real estate sales in the St Cloud area. It will continue to be a buyer's market with plenty of inventory to chose from. The biggest addition of homes for sale will come from bank foreclosed properties.
Jason Tangen - Real Estate Broker Associate with Edina Realty St Cloud
jasontangen.edinarealty.com - Search Open Houses in Central MN
www.StCloudEdina.com/blog - REAL ANSWERS for REAL ESTATE in St Cloud MN
