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| Some lovely Lady Slippers |
We are still a little shy on inventory as we roll into these June Summer Days. The inventory levels have increased, but we could still use more listings that are in good updated condition & priced right. Check out the latest from the Mpls Area Association of Realtors posted on 6.8.2015.
As we get closer to the official calendar launch of summer, residential real estate is taking off. The market may seem slower than in past spring/summer sprints, but numbers are by no means dismal. Whether the buyer category is dominated by Millennial, Generation X or move-up buyers from previous generations is no matter; activity is happening.
• New Listings decreased 2.9% to 1,696
• Pending Sales increased 23.5% to 1,357
• Inventory decreased 4.6% to 16,202
For the month of May:
• Median Sales Price increased 6.7% to $224,000
• Days on Market decreased 5.0% to 76
• Percent of Original List Price Received increased 0.7% to 97.5%
