Pre-List Activity on Edina Realty’s “Network One” If closed sales — at the very end of the process — are a famously lagging indicator, what qualifies as a leading housing indicator? Pre-list activity on Edina Realty’s proprietary “Network One.” Essentially a Realtor-to-Realtor bulletin board for Edina agents, Network One allows Buyers’ agents and Listing agents...Read More
Answer: ‘Off the Market, But Very Much ‘For Sale'” In a post a few weeks ago, I talked about the counter-intuitive phenomenon (at least to me) of unrealistic Sellers in a Seller’s market (especially in a Seller’s market?). The condition is known to real estate pros as “on the market . . but not “For Sale.‘”...Read More
“Business Days” The exact reasons are a bit of a mystery, but there’s no question that Buyers’ home inspections have become more drawn out in recent years. So, once upon a time, it was customary to allow Buyers three days to perform the inspection; one more day to provide the Seller with a written list...Read More
Real Estate Layaway It’s not just flat-panel TV’s and furniture that can be bought now, and paid for later. So can residential real estate. Sort of. Unbeknownst to at least some Buyers, it’s customary for there to be a 6-8 week lag between consummating a deal, and closing (that is, paying for the house and...Read More
Test your knowledge of the Twin Cities housing market, and guess the list price of this 3 BR/2 Bath 1955 rambler with 1,830 finished square feet (it debuted on the market this afternoon): A. $119,900 B. $179,900 C. $249,900 D. $699,900 Before I provide the answer, here’s a helpful clue: the home sits high above...Read More
Hot (Cold?) Off the Presses If you can’t tell the difference between a fresh and stale-looking listing . . . you haven’t been selling real estate very long. In this case, the home pictured above — 5141 12th Ave. South, in South Minneapolis — hit the market . . . about an hour ago. The...Read More
