Post-April 30 Hangover

Here are some late June housing statistics (analysis costs extra). All info is for Edina Realty.

–Drop in showings since expiration of Buyer tax credits April 30: 40%
–Drop in “Pending” sales since expiration of Buyer tax credits: 40%.
–Percentage of Buyers who are first-time: 48%
–Percentage of homes sales under $250k: 80%

The narrative that accompanies the foregoing? Pretty self-evident.

P.S. Statistical averages are just that. For example, the neighborhoods close to Cedar Lake in Minneapolis (Fern Hill, Lake Forest, Sunset Gables) have been bucking the over all trend, with 8-10 pending sales in just the last two weeks.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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