Burnsville home listings suggest high affordability

By
Industry Observer

There are many ways to measure affordability, and they all have their attributes and shortcomings.  For this report, I chose to simply measure the ratio of homes priced at or under $150,000 over the total number of active home listings.

According to information provided by the Regional Multiple Listing Service of Minnesota, Inc., there are 2,525 homes listed for sale in Dakota County.  of that total, 927, or 37% are priced at or below $150,000.  In comparison, Burnsville has 374 homes for sale with 168 of them (45%) priced at or below $150,000.  That makes Burnsville appear above average in its current availability of affordable homes.  It compares favorably to all the other bordering communities.

Given the city's amenities and commutable location,  Burnsville is an excellent place to begin a house hunting expedition.  Inexperienced home buyers are reminded that buying a new home is the most economically significant single act in most folks' lives, and it requires lots of sound planning. 

We offer a free, no obligation house hunting strategy session and orientation for buyers.  It takes about ninety minutes.  If you're in the beginning stages of planning to change homes, call now to arrange a convenient time for your free orientation.  Isn't it about time to take your lifestyle off hold?

Posted by

 Mike Carlier  Lakeville, MN

 

612-916-3033

 

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Mike Carlier

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