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.
On Saturday morning, May 7, I'll be presenting a seminar about housing options for seniors.
CLICK HERE for more information. If you, or someone you know could benefit from this, please forward the link.
by Minnesota Realtors Association
Spring is the season of new growth. After a long, icy winter, there’s nothing quite like the warmth of the springtime sun. Here in Minnesota, we sometimes find it hard to predict exactly when spring will kick into full gear (think blizzards in April), but when it does arrive, we welcome it with open arms. Spring is also when we prepare our yards for gardening and outside entertainment, perform quarterly maintenance, and freshen up the inside of our homes. This list might look exhaustive (and exhausting), but not all the items will apply to every home. Quarterly maintenance
Phew! Once all this hard work is done, your final task is to pull out a lawn chair, settle in with a tall glass of iced tea, and soak in all the fresh spring air that you can.
In this little video, Brianna K does a great job demonstrating final house cleaning tips to be sure your home shines for showings. Too big of a job for you at the moment? Need help with lining up a cleaning service? I can help you with that. If you are thinking of buying or selling a home, or both, please contact me. I'd love to be your REALTOR®.
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DAVID BURKUMWhen buying or selling a home, it's important to understand the market and gain helpful insights to help you achieve the best results. Archives
April 2024
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