Housing Statistics for 2nd Quarter 2007

Hennepin County
Average price of homes: $296,300
Homes on the market: 16,957
Homes that sold: 4,378
Average days on the market: 64

Ramsey County
Average price of homes: $243,200
Homes on the market: 6227
Homes that sold: 1545
Average days on the market: 65

Information taken from the National Association of Realtors
2nd Quarter 2007 Economic and Market Watch Report.

No-brainers!

In a recent forecasting article for Realtors, Lawrence Yun, VP of the National Association of Realtors Research noted that housing inventory was at an all time high. It would take 8.9 months to sell the current supply of homes at the current sales pace.

With a huge supply like that, demand for each home is very low. This is where proper pricing and staging comes in. If your home looks better than the competition, but is priced lower than the competition.....you have a much higher chance of selling quickly.

It would be just like going to a used car lot with thousands of cars for sale where many of the cars have rust spots, hideous colors, dirty interiors, and remnant clutter from the previous owner. But there's one car that looks completely maintained, is a great color, perfectly clean inside, and best of all it is priced a little bit less than all the other cars. It's a no-brainer, right? Seller's need to start making their homes "no-brainers" too!

Here we go.....

Welcome to my blog! I am going to attempt to provide the public with the latest information on staging: statistics, benefits, little tips and tricks, and a few photos here and there. In a tough real estate market, sellers need to be informed. This knowledge will allow them to make the key decisions that will allow them to sell their homes in a timely manner and for a reasonable price. Stay tuned and enjoy!