06/25/2024
📢 Here comes the May Market Report from the Minnesota Area Realtors! 🏠📑
👀 Seller activity was flat while buyers were less active compared to May of 2023. However, supply levels are up for the tenth consecutive month as home prices continue increasing. 🤩
- Closed sales: 6,575 (up 10.0%)
- Median sales price: $350,000 (up 2.9%)
- Average sales price: $411,949 (up 5.2%)
- New listings: 9,996 (down 1.7%)
- Pending sales: 6,912 (down 5.7%)
- Days on the market: 37 (up 5.7%)
- Homes for sale: 13,910 (up 16.3%)