We only had 6 closings this week (less than half of last week), in our very narrow category of stick-built single family homes within the City limits of Minot. Of the homes that closed this week the average days on market was 85, a very nice improvement over last week’s 118 days. I omitted one sale in this report because it was a unrestored flood home that sold for $37,900 ($19.38 per square foot) after 269 days on market.
The chart above is the total MLS activity for the week. This includes ALL types of properties as well as all cities in our MLS. The chart below is very restrictive as explained below.
Be sure to note the line above as this is a very restrictive report. There were only 6 homes sold in this limited category, a big decline over last week’s 16. The most expensive home sold for $308,223. and it was on the market for 52 days. The least expensive home sold for $154,900 and it was on the market for 78 days. Average days on market for the 6 homes sold was 85. Of the homes sold the average price per square foot (total square footage) was $98.63, a pretty big drop from $105.37 last week and a continuation of an over-all downward slide.
This report is updated daily at MinotHome.com