Market Insights

Kim Melin    November 29, 2018    No Comments on Market Insights

 

New Listings

6,011 Oct. ’18

5,503 – Oct. ’17
+9% change

Active Listings

11,719 Oct. ’18

11,981 – Oct. ’17
-2% change

Months’ Supply

2.40 Oct. ’18

2.40 – Oct. ’17
no change

Pending Sales

4,749 Oct. ’18

4,833 – Oct. ’17
-2% change

Median Sale Price

$265k Oct. ’18

$244,000 – Oct. ’17
+9% change

Days on Market

48 Oct. ’18

52 – Oct. ’17
-8% change

In the last 30 days 30% 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.