Numbers fresh from Minnesota Realtors Association for June 2024:
June Year-Over-Year Summary of Key Market Indicators:
- Closed sales: 6,713 (down 17.6%)
- Median sales price: $355,000 (up 1.4%)
- Average sales price: $420,886 (up 3.8%)
- New listings: 9,230 (down 9.2%)
- Pending sales: 6,541 (down 13.2%)
- Days on the market: 33 (up 10%)
- Homes for sale: 14,648 (up 11%)
“Both buyer and seller activity were down compared to last June, while median home prices and market times rose. The housing market is being held back by inflation and mortgage rates.”
