new listings: 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 … (3 comments)
new listings: 2014 Annual Twin Cities Housing Market Review
- 01/26/15 06:41 AM
The 2014 Twin Cities housing market was mixed. As the Minneapolis Area Association of Realtors called it... two steps forward and one step back. Closed sales took a step back in 2014... down 6.9% from the year before.
New listings crept up by 2.3%...
... but not enough to increase total inventory. The total number of homes for sale at the end of the year dropped yet again, down 7.2% from the end of 2013. Buyers are pickier when choosing a home they plan to live in for 10 years or more so not all new listings sell... some … (2 comments)
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.
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