Updated Real Estate Statistics
for Blaine, MN (55449 & 55434)
Number of Months Supply of Homes for Sale
The months supply of homes for sale in Blaine Mn
has dropped in all price ranges, but short sales continue are still a large part of the inventory of homes for sale in Blaine Minnesota 55434 and 55449.
This statistic is an indicator of supply and demand and is often referred to as the absorption rate. It is determined by using the current number of homes for sale on the market and the number of days it takes to sell a home (known as Days On Market or DOM) and figuring out how many months it would take to completely sell off all of the current inventory (assuming no more listings come to market). These numbers indicate that we are shifting back towards a slightly more favorable market for buyer's of short sales.
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