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Market Conditions in Dakota County : Real Estate Advice

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Activity 4
Wed May 9, 2012
Michael Emery answered:
Average days on market for Eagan April 2012

Single family home: 112
Condo:137
Townhouse: 186

Single family homes with a price range of 210 to 310,000 have the shortest time of 65 days (apparently a shortage of homes within that price range).

Info courtesy Minneapolis Area Assn of Realtors
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Sat May 12, 2012
Bill Wallace answered:
Hi,

According to the Minneapolis Association of Realtors the average time on market in Eagan is 148 days. You can find their latest report on Eagan here - http://www.mplsrealtor.com/downloads/lmu/Eagan.pdf

Now one thing I can tell you is that reports like this are somewhat flawed because they include short sales which look like they are active for a long time while bank negotiations are taking place. The Average Days on Market can also vary widely based on price range and style of home (townhouse, condo vs single family).

I'd be happy to run a more specific report for you showing homes in your exact price range to give you a more detailed look at similar homes and what to expect. The market is actually pretty strong right now since there are 28% fewer listings on the market this year compared to last. Homes that are priced right and show nicely are selling quickly - quite often in less than 30 days.

Bill Wallace
RE/MAX Results - Apple Valley
651-338-0355
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Wed Feb 3, 2010
CCC answered:
Hi Doug, your question is posted on Market Condition in Hastings Minnesota.
Since your question does not fit a "general question" I recommend you to post your question on:
http://www.trulia.com/real_estate/Williston-North_Dakota/

http://www.trulia.com/voices/qa/activity/Williston---40098

Go to the bottom and Ask a question.

or as ussual, contact a local Realtor in North Dakota.

Benito.
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Mon Aug 18, 2008
Scott Hutchinson & Sean Sovis answered:
Original asking price and previous sales price unfortunately do not matter for what your house is worth in Today's Market; however, it sounds like you are planning on staying there for a while, so I would not beat yourself up too much as the market will correct itself. ... more
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