According to the Minneapolis Area Association of REALTORS’ December 2015 Report on the Twin Cities Area Housing Market, December ended with 2601 new active listings of homes for sale, a decrease of -31.3 percent month-over-month. As compared to the previous year, new listings are up 1.2%.
December total inventory level is 10,166 homes on the market. Inventory is down -21.8% from the previous year and -21.7% as compared to the previous month.
During December, there were 3907 sold listings, a 16.9% increase compared to the previous month and 12.1% increase compared to this time last year.
Home prices continue to remain steady. The average sold price for a single family home was $265,049, down only 1% compared to last month, and 4.9% higher than a year ago.
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