The number of purchase agreements accepted on listings took a nosedive in August. In St. Paul that isn't an unusual occurrence as families are spending time in last minute vacations and preparing for school rather than shopping for houses. The decrease in pending sales is a predictor that closed sales will be low in September.
The above figures were based on information from the Regional Multiple Listing Service of Minnesota, Inc. for the period July 1, 2007, through August 31, 2007. Information is deemed reliable but not guaranteed.
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