Twin Cities October Market Update

    October 2015 Twin Cities Housing MarketOctober sees a five day increase for average days on market

    According to the Minneapolis Area Association of REALTORS’ October 2015 Report on the Twin Cities Area Housing Market, October ended with 5796 new active listings of homes for sale, a decrease of 8.8 percent month-over-month. As compared to the previous year, new listings are down down -2.6%.

    October’s total inventory level of 14,911 on the market. Inventory is down -16.7% from the previous year.

    During October, there were 4633 sold listings, a slight month-over-month decrease and the same as compared to this time last year.

    Home prices remained steady in October. The average sold price for a single family home was $260,751, down a bit from compared to last month, but still 2.1% 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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