Sellers should be excited to hear what I have to say. The Plymouth Real estate market is showing some great numbers According to infosparks through the NorthstarMLS The months supply of homes for sale is down 29.9% from Feb of 2011. That is a major drop of homes for sale. In Feb of 2011 we had 7.0 homes for sale for every buyer looking to buy in Plymouth. In Feb of 2012 we had 4.9 . Now the overall picture shows the moths supply of homes for sale has dropped 15.8% from the previous 12 month. This means less competition.
Now the other great news for the sellers is that in Feb of 2011 the average number of days on the market was 152 days and in Feb of 2012 it was 130 days. That is a 14.3% drop. It also means the sellers are moving to their next home faster.
Now lets continue the good news with the Median Sale Price for the month of Feb 2012 was $286,750. In Feb of 2011 the Median Sale price was $237,000. That is a 13.4% increase. Meanwhile we are up 71.07% from Feb of 2010 when our Median sale price was 191,000. Going up is a good thing
Finally the in feb of 2012 the number of pending sales droped from 15 the year before to 11. The Good News is that from March 2011 to Feb 2012 The Pending Sales increased 16.4%. Feb is usually a slow month as it is usually a cold month for us Minnesotans. Now one way to look at this is that The pending sales were down while the median sale price was up,
Comments (2)Subscribe to CommentsComment