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JUNE 2022 MINNESOTA MARKET REPORT

7/20/2022

 
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Closed Sales and New Listings Slip in June
 
In June, closed sales of homes declined by nearly 14% compared to a year ago, with a total of 9,208 properties sold across the state. New listings were down 6.4% year-over-year even as the total number of homes for sale increased 8.2% to 12,298 properties.
 
Overall housing inventory increased significantly, up 21.4% over last June to 1.7 months’ supply of homes on the market. Despite softening activity relative to last year, consumer demand drove the median sales price up 6.2% to $345,000, and the average price increased 9% to $401,319. Sellers were still receiving an average of 102.5% of their asking price, although this marks a slight 0.7% decline compared to June of last year.
 
See the full June Housing Report here.

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  • MAIN
  • ABOUT ME
    • Background & Values
    • CLIENT COMMENTS
    • Why You Need a REALTOR®
  • HOME TIPS
  • BUY & SELL
    • FOR SELLERS
    • FOR BUYERS
    • FEATURED LISTINGS
    • SEARCH FOR HOMES
    • Value of Your Home
  • CONTACT