January Existing-Home Sales Update

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Infographic courtesy of NAR: ​Existing-Home Sales 1.2 Percent in January   “Sales decreased again in January, measured against both December and January 2018,” says Brady Kroll of Edina Realty.  “It will be interesting to see what February’s and March’s numbers look like. I suspect that the harsh weather has depressed sales and there will be… Continued

February 25, 2019

December Existing-Home Sales Update

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Infographic courtesy of NAR: ​Existing-Home Sales See 6.4 Percent Drop in December   “It’s not surprising to see fewer sales in December than November, as this is typical,” says Brady Kroll of Edina Realty.    “However, we also saw inventory and the absorption rate creep up from December 2017 levels. Too soon to tell if… Continued

January 25, 2019

October Existing-Home Sales Update

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Infographic courtesy of NAR: ​Existing-Home Sales Increase for the First Time in Six Months “It was great to see an increase in existing home sales, particularly as we head into a traditionally slower time of year,” says Brady Kroll of Edina Realty.  “The low absorption rate(months supply of inventory) should bode well for the winter… Continued

December 6, 2018

September Existing-Home Sales Update

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Infographic courtesy of NAR: ​Existing-Home Sales Decline Across the Country in September “The small downtown in sales from August was not unexpected given there was another uptick in rates combined with the typical seasonal slowdown,” says Brady Kroll of Edina Realty.  “The good news is that the absorption rate barely changed(4.4 vs 4.3) from August,… Continued

October 24, 2018

Fall is here! Market Statistics entering October

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Fall is here! It’s an exciting and busy time of year for most: Schools are back, the summer ‘holiday mode’ is winding down and workloads are winding back up. Pumpkin and spice flavors are hits in the coffee shops, and there’s that crisp feeling of change in the air.   Fall is descending with gusto… Continued

October 4, 2018