Selling your Minneapolis home? Get a free Home Value Report
Buying a Minneapolis home? Search all Homes for Sale
Today, we want to give you a quick 2015 market wrap up. What market trends have we seen over the last month and what can be expected moving forward?
Here are the quick facts:
- We saw a 29.3% increase in the price range with the strongest sales. In other words, the strongest sales in the 2015 market were priced between $190K-$250K.
- Single-family detached homes were the most popular. They had the strongest sales in the past year, for a total increase of 16.5%!
- Previously owned homes are outpacing new construction properties. This is typical in any market, but they are up 16.2%.
- We've seen a change in new listings of almost 12%. We also saw a changed in closed sales of 1.3%, which seems small, but only because inventory is so low.
- The change in the median sales price is up 7.3%. This is great news for homeowners who are looking to sell their home for a great value.
If you have any questions about how to take advantage of these market conditions, or if you need real estate assistance of any kind, please don't hesitate to reach out to us. We would love to hear from you!
