Sunday, December 15, 2013

Crow Wing County Monthly Market Report

2013 is quickly coming to an end, and as we ring in 2014 the housing market for the upcoming year is expected to grow. If you are thinking about buying or selling a home now would be the time to do so. The November number of inventory homes on the market in Crow Wing County remained low; there are 16.1 % fewer homes for sale than there was last year. The days on market dropped as home sell quicker. The average days on market dropped 16.8 % over last year.

This time of year we see a slight slowdown in activity as people prepare for the holidays. The number of pending sales are down 4.2% over last year, and the number of closed sales were down 4.0%. The good news is home values are rising. The average sale price of homes rose 6% to $212,016, and the median sales price rose 6.6% to $159,900.

If you are looking to buy or sell a home in Crow Wing County in the new year, contact me, Bill Grunewald. My team and I enjoy helping folks like you find just the right spot to live your northern Minnesota Lake Country dream.

Bill Grunewald/ Edina Realty.

Licensed in Minnesota/ Lic # 20204156