Closed Sales and New Listings Slip in June

Dated: July 20 2022

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It seems that housing market conditions continue to be in the news week in and week out. I want my clients and friends to have the straight scoop so I am posting the latest housing report from the Minnesota Realtors again.

 

Here’s a quick snapshot of what’s what:

 

June year-over-year summary of key market indicators: 

  • Closed sales decreased 13.7% to 9,208

  • Median sales price increased 6.2% to $345,000

  • Average sales price increased 9.0% to $401,319

  • New listings decreased 6.4% to 11,417

  • Pending sales decreased 16.6% to 8,124

  • Days on the market decreased 8.0% to 23 days

  • Homes for sale increased 8.2% to 12,298 

Click for the full June Housing Report

To stay up to date please check my Blog often and contact me any time. 

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Ruth Lecy

With over 35 years of experience in residential real estate I have the expertise you are looking for. My experience spans from land and lot sales and purchase; to first-time buyers; to luxury multi-m....

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