Get the Skinny on Real Estate Trends in Your Area! February 2017
January 2017 is over and the first month of the year statistics have been compiled~
When January 2017 was compared to January 2016, this is what was found:
*Pending Sales ~ Increased 4.3%
*Closed Sales ~ Decreased 3.2%
*Inventory Levels ~ Decreased 25.4% - Leaving an average of 1.6 month supply of homes on the market.
*Median Sales Price - Increased 4.7%
*% or List Price ~ Increased .9 to 95.9%
I've said it before and I'...
Get the Skinny on Real Estate Trends in Your Area! January 2017
2016 Closed in line with the rest of the year... No surprises were found when the numbers were crunched and compiled.
When December 2016 was compared to December 2015 the following housing statistics are reported:
*Homes for Sale was down 26.3%!!! Leaving 8,197 houses for sale!!! Again, to give that some perspective, there were 27,600 in 2007!
*Month Supply of Homes for sale was down 30.4% leaving a 1.6 month supply...
Homes Thru the Decades
People have changed over the years. Family size, family structure, lifestyles, etc... Therefore it would be natural for houses to change too. The exteriors, the amenities, the sizes, etc...
Have you ever heard the expressions....
*You are wise beyond your years...
*You are an old soul...
*You should have been born in the ___ (you fill in the blank for the year...)
Forbes.com published an article that highlights one home from each decade over the last 100 years!!!...
2016 Real Estate
A Year in Review!
2016, WHAT A YEAR!!! The numbers are in and some of the statistics will make your jaw drop while others are exactly what we expected and talked about all last year!
The Minneapolis Association of Realtors reported that all 13 counties showed continued recovery. Based on the numbers reported below, I would say that all have 'recovered'.
2016 as compared to 2015
*Closed Sales - Increased 6.2% to an 11 year high!
*Pending Sales - Increased 4.7%
*Median P...
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
Twin Cities Home Prices Reach an ALL TIME HIGH!!!
The record for the Median Sales Price in the Twin Cities was previously $238,000. Ten years later, this record is no longer. June 2016 set a new median sales price record at $242,000.
Low inventory has helped to drive up the prices on homes. With not as many homes to pick from, sellers are selling at 98.7% of list price and in less time! The average days on market is now 55 days. Homes haven't sold this quickly since 2007! Traditional Sellers...
How Long will it take to Sell my House in MN?
The Minnesota Real Estate Market is Moving Quickly! How Quick? When compared to the rest of country, Minnesota is in the top 5! Statistics show that on average, houses are selling in under 30 days!!! This is great news for sellers! What Seller doesn't want to sell at list price? What seller doesn't want a bidding war over their home, getting them top dollar? While this situation make most sellers happy, it is also a bit frightening... Quick sales...
