August Twin Cities Housing Market Update

     

    MN Infographic - Sept 15

    August Sees a median sold price of $224,900 Twin Cities Metro Area Housing Market

    According to the Minneapolis Area Association of REALTORS’ August 2015 Report on the Twin Cities-area Housing Market, August ended with 6922 new active listings of homes for sale, a decrease of 13 percent month-over-month. As compared to the previous year, inventory remains fairly level. Year over year, inventory is down -0.3%

    August’s total inventory level of 16,398 on the market. The number of listings was down-13.6% from the previous year.

    During August, there were 5811 sold listings, a slight month-over-month increase and a 7.8% increase as compared to this time last year.

    Home prices remained steady in August. The average sold price for a single family home was $267,693, down 0.1 percent as compared to last month, but still 2.3% higher than a year ago.

    Please contact House Hunters Minnesota for a market update for your city and to learn the market value of your home.

    To see details of this report, please click here.

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