Get the Skinny on Real Estate Trends in Your Area! September 2016
The Monthly Real Estate Stats for August 2016 have been compiled and compared to 2015! The number of homes for sale continues to be low and the prices continue to rise. The Law of Supply and Demand holds true in the Real Estate world now more than maybe ever!!!
*The number of Sales are exceeded a 10 year high!!!
*Pending Sales were up 7.9%
*Closed Sales were up 7.4%
*The # of Homes for Sale was down 18.8% - leaving a 2.8 mon...Get the Skinny on Real Estate Trends in Your Area! January 2016
The Minneapolis Area Association of Realtors has released the December 2015 statistics. The link below is predicting a 'balanced market' in 2016. I'm not sure how... Maybe the predicted interest rate increases will slow things down a bit, but with inventory levels this low. It will take a lot of houses to balance this market.
December #'s
Closed Sales up 12.1%
Pending Sales up 12.3%
Number of Homes for Sale down 21.8% leaving...Get the Skinny on the Minneapolis/St. Paul Real Estate Market!
The Numbers for October 2015 are in!
The number of Sales Pending rose 3.3% year over year!
The number of Closed Sales remained steady~ It didn't rise or fall~
The number of Homes on the Market dropped 16.7% leaving a 3.2 month supply of homes on the market.
The median Sales Price rose 4.9%
Rates are Expected to Rise~ More to be released on that when the Federal Government meets in December 2015.
The fully Monthly Skinny Vid...
