Market Insights

Kim Melin    October 28, 2018    No Comments on Market Insights
To view this email as a web page, view online
Edina Realty market insights
TWIN CITIES AREA

New Listings

6,857 Sept. ’18

6,474 – Sept. ’17
+6% change

Active Listings

12,570 Sept. ’18

13,152 – Sept. ’17
-4% change

Months’ Supply

2.50 Sept. ’18

2.60 – Sept. ’17
-4% change

Pending Sales

5,087 Sept. ’18

5,400 – Sept. ’17
-6% change

Median Sale Price

$262k Sept. ’18

$247,000 – Sept. ’17
+6% change

Days on Market

42 Sept. ’18

50 – Sept. ’17
-16% change

In the last 30 days 27% of properties have had a price adjustment.

For every sale, there are 2 properties that remain on the market.

Based on information from the Minneapolis Area Association of REALTORS.

Questions?

Please feel free to contact me with your real estate needs.