What to Watch For
The number of townhome sales in the Twin Cities metro area has increased over the last year by 0.4 percent after several consecutive years of declines in
unit sales. Can you guess the price point where townhouse sales increased the heaviest in the past year? Under $120,000, where sales have more than tripled.
Of the 1,898 townhouse sales in that segment, 1,557 were lender-mediated foreclosures and short sales. Click here for the complete report.
There are currently 7.6 months of supply available, down 28.6 percent from last year at this time when the mark was 10.4 months. The biggest drops in supply
have been seen in the single-family detached and townhouse markets—the months supply of condominiums still sits at 12.5 months. Email Me
Sales are up overall, but in the higher price ranges sales are still down over 20 percent year-over-year. In the $1,000,000 and higher segment there is almost 3
years of supply available.
If you have any questions or need help with your housing needs, please drop us an email.
Call anytime Joe 612-308-4708 Tom 612-865-9778
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