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, so we are not realizing any excess inventory.  We should see a fairly normal sales flow this Autumn into Winter.”

 

Interested in a more focused update on real estate in the Twin Cities area?

Click here to check out the October update.

Want some further insight into the market in your area, or perhaps in the areas where you’re looking to buy?

Get in touch with Brady Kroll.

 

 

About the author

Brady Kroll

Realtor

A Minnesota native with 13+ years of real estate experience, specializing in Minneapolis and near suburbs. I am a member of the Chairman’s Circle, Edina Realty’s highest award for sales volume. I have been a Downtown Minneapolis resident since 2004 where I live with my wife and 2 children.

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