Minot AFB Real Estate Market Conditions & Reports, Minot AFB Market Trends, North Dakota

Market Commentary Provided by Clyde Thorne

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Clyde Thorne
Coldwell Banker 1st Minot Realty
Minot, North Dakota
701-240-8594
cthorne@srt.com
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Nearest Metro Area

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

30-60 days

Market Trend

Increasing

Housing Inventory

Very tight market

Average Home Price

$150,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 5-10%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Minot AFB is

Seller Activity for the past 90 days in Minot AFB is

Is Financing Available For Qualified Buyers in Minot AFB?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Burlington, Williston, Stanley, Minot

Reason to Buy/Sell

New Industries

Average Sold Price

$150,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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