Real estate sales statistics for the Forest Lake area have improved for the second year in a row. All major indicators improved in 2013 compared to 2012 and some quite significantly. New listings were up almost 21% but this didn’t push up inventory numbers since closed sales were up almost 30%. The additional inventory was absorbed by the rebounding market which pushed the average sales price up from just under $200K in 2012 to almost $216K in 2013. The lower inventory helped homes to sell more quickly too. Days on market in 2013 were down by almost 26%! The price per square foot statistic also saw a healthy increase to $108/sq ft which is an increase of nearly 12% from $97/square foot in 2012.
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