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December 2016
I've talked for most of the year about the "Theme" of Real Estate in the Twin Cities... Well it's official, the Minneapolis Area Association of Realtors is calling it the "Trend" for the year! Values are up.... Inventory is down... Values are up... Inventory is down... Values are up... Inventory is down........... The consistency of this pattern for 2016 now has an official label.
Housing Stats for November 2016 as compared...
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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...
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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
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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...Get the Skinny on Real Estate Trends in Your Area!
July 2016
The Real Estate Market continues to exceed expectations!!! Lack of inventory remains a problem for those trying to buy and an advantage for those brave enough to sell.
The statistics are in and June 2016 beat June 2015 in most arenas!
*Median Sales Price is up 5.3%! The median home sold for $242,000!
*The number of homes for sale is down 18.2%.
*There is only a 2.9 month supply of homes on the market! This low supply makes th...Get the Skinny on Real Estate Trends in Your Area!
June 2016
The Statistics for May have been crunched and analyzed by the Minneapolis Association of Realtors. There are no real surprises...
May 2016 as compared to May 2015 showed the following:
1) Closed sales were up 5.3%
2) Pending sales were up 9.9%
3) The # of Homes for Sale were down 20.6% ~ leaving a 2.7 month supply of homes on the market. (A healthy buyer/seller market has a 5-6 months supply of homes for sale.)
4) Sellers are n...Get the Skinny on Real Estate Trends in Your Area! April 2016
The common theme being spoken in Real Estate right now is LACK of HOMES for SALE!!! The statistics for March have been gathered and should not be a surprise to those that have been following the Real Estate Trends in the Twin Cities!
From March 2015 to March 2016...
The # of homes for sale is down 20.6%!!!
The month supply of homes for sale is 2.5
The prices are UP 5.7% with a median sales price of $222,000
Mortgage Rates...
