Get the Skinny on Real Estate Trends in Your Area! May 2016

Posted by
Rachel Fredrickson

8 years ago

The numbers for April have been gathered and crunched... There will be no shockers in the data.

The Real Estate Market in April 2016 showed the following when compared to April 2015...

1) The number of homes for sale was down 19.4%

2) The median home price was up 7.7%

3) Sellers are getting 98% of list price. Some more than list and some are selling in multiple offers

4) Pending Sales were up 1.6%

5) Closed Sales were also up 6.1%

So, although inventory is down, sales are up! Buyers are out looking for houses! If you have ever thought about selling, now is the time to get your house on the market. Call me so we can discuss strategy. Knowing where you are going to go next is important!

The full Minneapolis Association of Realtors 3 minute video is below for you to watch.