Deep Freeze -- Weather & Housing, Both
What happens when you combine a seasonally slow time of year with the season's first major snowstorm and subsequent deep freeze?
Not much real estate activity.
Anecdotally, I'd estimate that new listings in the Twin Cities are down about 75% the last few days.
Showing posts with label market activity. Show all posts
Showing posts with label market activity. Show all posts
Thursday, December 10, 2009
Wednesday, August 26, 2009
Closings Up, Showings Down
Typical Late August
My office, Edina Realty City Lakes, tracks weekly statistics by several categories: new listings, showings, pending sales, closings, etc.
From a peak of almost 300 showings earlier this month, weekly showings are down about 50%. Meanwhile, closings -- which reflect activity 6-8 weeks earlier -- are WAY up.
Typical late August . . .
P.S.: to Realtors, the market sometimes feels like one big pipeline, with new prospects at the beginning, and closed sales at the end.
My office, Edina Realty City Lakes, tracks weekly statistics by several categories: new listings, showings, pending sales, closings, etc.
From a peak of almost 300 showings earlier this month, weekly showings are down about 50%. Meanwhile, closings -- which reflect activity 6-8 weeks earlier -- are WAY up.
Typical late August . . .
P.S.: to Realtors, the market sometimes feels like one big pipeline, with new prospects at the beginning, and closed sales at the end.
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