Fall Home Sales Fall, Listings Increase
The recent numbers for the Twin Cities real estate market show that September saw a 33% decline in sales compared to September 2009. The decline wasn’t unexpected as last fall was anchored with the home buyer’s tax credit.
While Buffalo is part of the 13 county Metro area in the Twin Cities reports, there are also some positive trends for 2010 in the Buffalo real estate market.
- It is easy to see the great options a buyer has with the amount of homes for sale. September saw 38 new homes for sale in the Buffalo market.
- For sellers, it’s encouraging that the median sales price has risen 3.4% so far in 2010. the average sales price is up 4.6%.
- Average market time is ticking downward with a 2.1% decrease in days on the market.