Get the Skinny on Real Estate Trends in Your Area! May 2018
Rachel Fredrickson
Get the Skinny on Real Estate Trends in Your Area! May 2018
May 2018 numbers are in. June numbers will be out toward the end of July.
*Pending Sales decreased by 5.9% from May 2017
*Closed Sales decreased by 11.3% from May 2017
*The number of homes for sale decreased 17.8% from 2017
*This left the month supply of homes at 2.1 months~
*Prices increased 8.4% with the median sales price of $271,000
*Sellers netted 100.2% of their asking price.
For all the numbers and statistics, the full Minneapolis Area Association of Realtors Video is below.
WHAT DOES ALL OF THIS MEAN TO YOU???
If you are thinking about selling, now would be a perfect time to do so as there aren't many homes on the market. If you're thinking about buying, align yourself with a knowlegeable Reator who can help navigate you through the market and process. I would love to talk to you about both~ Let me know how I can help.
