Ham Lake, MN Real Estate Market Statistics 4th Quarter 2007
By Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro
(Boardman Realty)
The sluggish real estate market continues to affect Ham Lake, MN and Anoka County in the fourth quarter of 2007. Homes are staying on the market longer with an average Days-on-Market (DOM) of 220 days for homes sold in the 4th Quarter (compared to 157 DOM during the 3rd Quarter). Note that DOM for homes under $300,000 is a significantly lower time on the market, selling with an average DOM of 155.While there are 30% fewer homes on the market in Ham Lake, 110 versus 158 at the end of the third quarter, homes are taking a bit longer to sell so there continues to be more homes on the market than buyers. Homeowners considering selling a home in the Ham Lake area must consider the average time to sell a home in the area is approximately 5-8 months. A home must be properly priced and prepared...
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