Wyoming MN Housing Market Update

American Two-story single-family home

Image via Wikipedia

According to the St. Paul Assoc. of Realtors.  The median sales price for a home in Wyoming was at 189,900 as of July 2009 and this year it was listed at 169,900.  This is a change in the area of 10.5%.  During this same period the average sales price was 187,850 and 166,572.  So this is a change of 11.3%.

As of July 2010 there have been a total of 75 homes listed and 41 closed sales.  This shows it is still a buyers market.  Average days for a home to be on the market is 139 days which is 9.4% less days than a year ago.

In a buyers market it is important to price a home for what it is likely to sell for so that interested buyers will be exited about seeing your house as an option when looking to buy.  When a home is over priced for the market it quickly becomes stagnant and few will take the time to even look.  When priced at the market, you will find your home is looked at.  With so many homes to choose from you will want to make sure that potential buyers can see all of the joys of living in this home.  Remember that potential buyers will want to picture themselves living in the home so declutter and remove most of the personal items.  Consider having others over for a mock tour to see what things catch their eye so that you can make the best impression.

In a time when our homes are typically worth less than they were a few years ago, we must use data to support the best price to list our homes at.  If you are in the market to sell your home or buy one, please give me a call!  I would love to share some of my tips for getting the best dollar for your home in today’s market.  Call Kim at 651-214-1459.

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