Date Archives: July 2016

LOCAL HOUSING REPORT 

Locally, the Twin Cities housing market has seen quick sales as many are looking to buy homes. Below is a snapshot of our current market compared to last year at this time. 

• Median Sales Price increased 5.3% to $242,000

• Days on Market decreased 16.7% to 55

• Months Supply of Homes For Sale decreased 23.7% to 2.9

 Click here to see the full article: http://spaar.com/wp-content/uploads/2016/07/SPAAR_WMA_2016-07-18.pdf

NATIONAL HOUSING REPORT  

Nationally, it continues to be a seller's market as inventory of homes for sale remains tight. These numbers show the current market compared to last year at this time.  

• 5.1% increase in home sales

• Median Sales Price increased 4.2% to $222,475

• Inventory of homes decreased 14.8% 

To see the full infographic click here: http://www.remax.com/newsroom/press-releases/june-2016-remax-national-housing-report.htm