Twin Cities September Market Update

    September Twin Cities Market Update

    September Sees Twin Cities Listings spending an Average of 65 Days On the Housing Market

    According to the Minneapolis Area Association of REALTORS’ September 2015 Report on the Twin Cities-area Housing Market, September ended with 6355 new active listings of homes for sale, a decrease of 1 percent month-over-month. As compared to the previous year, inventory remains fairly level. Year over year, new listings are down down -6.9%

    September’s total inventory level of 15,928 on the market. Inventory is down -16% from the previous year.

    During September, there were 5114 sold listings, a slight month-over-month decrease and a 12% increase as compared to this time last year.

    Home prices remained steady in September. The average sold price for a single family home was $265,943, down a bit from 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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