Throughout the entire year we were experiencing a record low number of homes for sale and available to buyers, while the number of closed sales is increasing year over year, and December was no exception. Here are the stats for December:
December ’15 December ‘16 +/-Change
Homes for Sale 11,119 7,997 -28.1%
Closed Sales 3,402 3,835 +12.7%
Months’ Supply of Homes 2.3 1.6 -30.4%
Average Days on Market 52 43 -17.3%
If you're thinking about selling, this may be the best time to sell your home, with decade lows in Months' Supply of Homes, and an average days on market at 43!
Here are the total year to date stats for 2016:
2015 2016 +/- Change
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%
Like my Facebook page here.
Click here for current Minnesota Homes For Sale.
Contact Me:
Cell: 763.331.4775
Email: Scott.Swennes@results.net
No comments:
Post a Comment