This year we are seeing a record low number of homes
for sale and available to buyers, while the number of closed sales is
increasing year over year. Here are the stats in November to prove it:
November ’15 November ‘16 +/-Change
Homes
for Sale 13,858 10,577 -23.7%
Closed
Sales 3,402 3,835 +12.7%
Months’
Supply of Homes
2.9
2.1 -27.6%
Average
Days on the Market
73
61 -16.4%
If you're thinking about selling, this may be the best time to sell your home, with decade lows in Months' Supply of Homes.
As
home sales cool off during the holiday season, this is the perfect opportunity
to create a marketing plan to list your home for sale after the New Year. The home buyer season doesn’t wait until the
snow melts; it ramps up again in January right after the Holiday’s.
Here are the total year to date stats for 2016:
2015 2016 +/- Change
Homes for Sale 13,858 10,577 -23.7%
New Listings 74,777 74,143 -0.8%
Closed Sales 52,515 55,254 +5.2%
Median Home Value $220,000 $232,500 +5.7%
Months' Supply of Home 2.9 2.1 -27.6%
Average Days on the Market 76 64 -15.8%
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Contact Me:
Cell: 763.331.4775
Email: Scott.Swennes@results.net
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