Median Sales Price
Another WOW month for the Twin Cities real estate market. Homes that closed in June sold for a $210,000 median price, a 17.5% increase versus a year ago and an 8.2% increase from the month prior. The $210,000 median sales prices what the highest since December 2007 – over 5 1/2 years ago.
Days on Market
Meanwhile the time it takes to sell a home continues to drop dramatically – now at just 74 days – down 34% in the last 12 months. Many houses are selling in multiple offer in the first few days they are listed.
Percent of Original List Price Received
As homes are selling faster and many are attracting multiple offers, on average sellers are discounting only 2.5% off the list price – the smallest amount in 7 years!
All data is from NorthstarMLS and charts are produced by 10K Research and Marketing.
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