April 2017 numbers are in!
*Pending Sales decreased by 8.5% from 2016
*Closed Sales actually decreased by 10.3% from 2016
*The number of homes for sale DROPPED significantly by 19.8% from 2016
*This left the month supply of homes at 2.2 months~
*Prices increased 6.3% with the median sales price as $245,500
*Sellers netted 99.2% of their asking price.
So, basically, the statistics are singing the same song that they hav...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!
August 2016
The THEME of the year continues... Inventory, Inventory, Inventory!!! There is a lack of homes on the market for sale. Seller's hesitate to put their house on the market and make a move as they are afraid that they will not be able to find their next home...
The statistics for July have been crunched~
*The number of homes that sold was down 5.8% from July 2015
*The number of pending sales was down 3.1% from July 2015
*The numb...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...
