Get the Skinny on Real Estate Trends in Your Area!
November 2016
The Theme in Real Estate for 2016 didn't change when the data was gathered for October 2016.... Values are up.... Inventory is down... Values are up... Inventory is down... Values are up... Inventory is down........... Yep, still down... 2016 is sure to go in the record books as the year of NOT ENOUGH HOMES for SALE!!!
Housing Stats for October 2016 as compared to October 2015:
*Closed Sales up .8% *Median Sales Price...
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
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 Real Estate Trends in Your Area! September 2015
Fall is here and the real estate market continues to move quickly!
Both Closed Sales and Pending Sales rose in August 2015! (7.8% and 12.1% respectively).
Prices rose moderately at 2.7%
Seller's received 97.1% of list price~ This is also up from the August 2014!
Prices rising and seller's receiving closer to list price for their homes may be due to there being less homes on the market. The number of homes for sale fell 13...
