Coon Rapids, Minnesota homes are sold faster in 2009 than 2008 and more homes were sold too! New listings were down by almost 15% which is a sign that this Anoka County Community is moving closer to a more balanced market. The average sales price did dropped again by over 16% so affordability was evident in Coon Rapids in 2009 but with the lower inventory levels, we could see the average sales price start to level off in 2010. The ratio of original price to received price is down is starting to edge up in Coon Rapids which is good news for those considering selling in 2010.
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Copyright 2010 Teri Eckholm http://www.terieckholm.com/
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TERI, It sounds like fairly good news for the Coon Rapids area.
We are seeing it here also now with the pressure to up interest rates and lower inventory the next thing will be rising prices.
Teri It is interesting that when owners don't list the market starts to improve
Teri,
Again even when 2009 had less actives there were more closings than 2008 that's good, good information, take care :)