Home listings across Minnesota are declining, leading to rising prices on the inventory that’s left.
New listings were down 6.7% in April, compared to the same period last year, according to data released Wednesday by Minnesota Realtors. The lack of new listings caused closed sales to slump 10.9%.
Meanwhile, buyers fighting for this diminished inventory caused the median price to jump 11.5% to $340,000 statewide. The average seller is now receiving 102.8% of their asking price, a .7% increase…
© Copyright - BUSINESS REMARK - All Rights Reserved
| Cookie | Duration | Description |
|---|---|---|
| cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
| cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
| cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
| cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
| cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
| viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
