Housing Market Shows No Sign of Slowing Down

minnrealtors

Highest amount of closed sales in Minnesota since 2010.

Sold signs have become a popular yard accessory this summer. According to the latest report from the Minnesota Association of REALTORS®, the number of closed sales in June are at 8,125. This is up 351 from the same time last year, a 4.5 percent increase. This recent surge is the highest Minnesota has seen since 2010.

Homebuyers are signing on the dotted line while more are looking to do the same. The number of pending sales has seen an 8.3 percent increase.

Minnesota closed sales by region.

“Thankfully sellers won’t have to wait very long to sell their home,” said Jim Cormier, President of the Minnesota Association of REALTORS®. “In the Twin Cities, we’re seeing homes sell quickly – often with multiple offers.”

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