The information is in for Lakeville MN December home and property sales. New listings were down 3% and closed sales were up 85%. That number is surprising when looking at the overall health of the real estate market. Home owners priced their homes correctly and we had buyers that were willing to part with their money. There are some great deals out their right now as affordability hasn't been better. Median home sales price was up 8% while average sales price was down 5%. Home owners received 88% of their original asking price which was down 4%. Average days on market was down 17% to 143 days. Homes are moving. Single family inventory was at 274 units or up 14% and town home and condo inventory was down 17% to 94 units.
If you have any questions on the above material please feel free to send an email and I will be happy to respond.
Data courtesy of Minnesota Association of Realtors
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Certified Distressed Property Expert specializing in helping homeowners avoid foreclosure. Short Sale & Foreclosure Resource Certified by NAR. Home Sweet Home Buyers Program. Twin Cities Specialist.
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