Waconia Market Snapshot: New Listings and Sales for January

Real Estate Agent with ReMax Action West

Activity is picking up with more new listings and more recent sales in the entire Twin Cities area.  According to the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC for the week ending January 16 there were 571 signed purchase agreements, up 4.0 percent from a year ago.  New listings were 8.3 percent higher than a year ago at 1,668.

The number of homes listed so far this year in Waconia (1/1/2010-1/25/2010) is 38.  The median list price is $235,300.  The average list price is $265,522.

The total number of active single family homes on the market in Waconia is 109 with the median price being $249,700.  The average price is $313,659 but this includes two multi-million dollar homes. If these homes were removed from the equation, the average price would be $283,830.  These homes have been on the market an average of 103 days.

Also according to the Minneapolis Area Association of Realtors, there are five months or less of supply in the Twin Cities housing market.  They also state the last time the supply was at five months was in March 2006, right before the 24 month slide in home sales and prices.

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