No surprises here. The lack of homes for sale resulted in fewer home sales in December. Here are some numbers for the State of Minnesota curtesy of Minnesota Realtors:
December year-over-year summary of key market indicators:
- Closed sales decreased 4.0% to 7,137
- Median sales price increased 8.0% to $300,000
- Average sales price increased 9.4% to $351,135
- New listings decreased 14.3% to 3,591
- Pending sales decreased 12.4% to 4,595
- Days on the market decreased 16.3% to 36 days
- Homes for sale decreased 24.5% to 7,121
