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Shoreview MN | 2018 Housing Market and Real Estate Sales Statistics
 
 

In the centrally located Ramsey County community of Shoreview, MN new listings were down just slightly in 2017. This comes as no surprise because housing inventory is sparse across the greater Minneapolis/St Paul metro. New listings were down just 1.7% from the previous year. This likewise, caused a drop in closed sales (down by roughly 2.4% compared to 2016). This lack of housing inventory drove prices up significantly. The average sales priced skyrocketed to $281,106 up nearly 13%. The average price per square foot rose considerably too. Shoreview homes sold at an average $141 per square foot in 2017. It doesn’t take long for the sold signs to be posted in Shoreview either. A home stays on the market for an average of 45 days. This is down over 16% from the previous year. And home sellers are getting their list price too. Homes sold at 98.6% of asking price. 

As we edge closer to the 2018 spring market, it doesn’t appear the demand for Shoreview homes will slow or that inventory will rise. With the low number of Shoreview homes for sale and strong buyer demand, it is a seller’s market in Shoreview. This is where the ... more

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