inventory of homes for sale: 2015 Annual Twin Cities Housing Market Review
- 02/04/16 02:19 AM
When it was 2015, it was a very good year for the real estate market... including buyer activity reaching a 10-year high and days on market reaching a 10-year low. Closed sales in 2015 increased 13.7 over 2014... and reached the highest level since 2005. New listings were 5.1 percent above 2014... a 5-year high. With such strong sales, the supply of active listings at the end of 2015 was down 21.8% from 2014... and the lowest on records going back to 2004.
Home prices rose in all categories in 2015, with average sale price at $263,175 and median sale price at $220,000... an 8-year
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