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

Minneapolis Area Real Estate Update

Get the Skinny on Real Estate Trends in Your Area!

October 2016

The numbers are in for September 2016 and there continue to be no surprises! The market continues to trend the same way it has all year! Low inventory is driving up prices! Low rates are keeping people buying!

Housing Stats:

  • Closed Sales were up 5.7%
  • The Number of homes for sale was down 16.1%
  • Months supply of homes remained low at 2.8 months
  • Prices were up 3.6%
  • Median sales price rose to $230,000

I know Fall is here... and winter is quickly coming... BUT, the market, the numbers, the trends, everything is still pointing towards list your house now! There are still buyers out looking! Call me to discuss your personal situation and let's develop a plan. Want to know what your house is worth? Send me the details and I will get you a free evaluation!

 

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Rachel Fredrickson
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