This is a year over year comparison for single family homes in the Sauk Rapids Minnesota housing market. The date range for the last full calendar market year is January 1, 2006 thru January 1, 2007. This year is the housing market from January 1, 2007 through January 1, 2008. Please check back for market updates for the 2009 year.
- Total number of active listings last year 525, this year 503, percent of the change -4.
- New listings last year 433 this year 360, percent of the change -16.
- Number of homes under contract last year 180 this year 161 percent of change -10.
- Number of homes sold last year 179 this year 163 percent of change -8.
- The total sold volume for the Sauk Rapids area last year 31,876,588 this year 26,598,577 percent of change -16.
- Average sale price last year 178,081 this year 163,181 percent of change -8.
- Percent of list price to sold price, last year 98% this year 97%.
Areas with low changes in Average Sale Price (0-10%), and marked reduction in Listing Inventory,
are remarkably stable areas. Areas with greater change in Avg. Sale Price may be great places to buy!
For more information about Sauk Rapids Minnesota or to view homes currently for sale go to my website at
www.stcloudareahomesforsale.com The Listing Holdover Ratio (LHR) depicts the unsold listing inventory held over from the previous market year (New Listings/Total Listing). The LHR for Sauk Rapids, for year end 2007 was 18%, and for year end 2008 28%, indicating an increase 10%. New listing activity was down for 2008, and hopefully inventory will be reduced further, adding to stability. Sauk Rapids is still a Buyer friendly area.
Steve Baklaich
RE/Max Realty Source
(320) 260-3290
