2015 has come to an end... Real Estate Continued to Appreciate!!!

2015 has come to an end... Real Estate Continued to Appreciate!!!

The Data has been crunched, the numbers compiled and the report written! The Minneapolis Area Association of Realtors 2015 Annual Report is out! 

Overall the data showed...

*The number of new listings increased 5.1% in 2015 from 2014.

*The number of closed sales rose 13.7% in 2015 from 2014.

*The number of homes for sale fell 21.8% in 2015 from 2014.

*The median sales price rose 7.0% in 2015 from 2014.

*The average sales price rose 4.1% in 2015 from 2014.

*The number of distressed properties fell 26.7% in 2015 from 2014!!!

City Specific Stats were interesting too!!!

Maple Grove data showed - 13.6% increase in closed sales in 2015 from 2014.

Plymouth data showed - 16.9% increase in closed sales in 2015 from 2014.

Rogers data showed - Just a 1% increase in closed sales in 2015 from 2014.

Albertville data showed - 27% increase in closed sales in 2015 from 2014.

Otsego data showed - 37.4% increase in closed sales in 2015 from 2014.

St. Michael data showed - 27.7% increase in closed sales in 2015 from 2014.

To find out what the numbers were for your city, click here.