THIS WEEK IN REAL ESTATEThis week.....The word fascinating applies to both the MN State Fair time coming soon, and this last week in the real estate market. The two most remarkable facts are the homes are selling even faster than they were earlier in the summer.
1. The median home in the SW Metro sold ONE WEEK faster last week, than the previous week.
2. This week happened as mortgage rates
went UP on average of .29%
The typical/seasonal August slow down appears to be in the rear view mirror to most homebuyers. * 175 homes listed for sale
(184 previous week)
*98 homes to pending status
(97 the previous week)
*The average list price of those is $549,026
($619,732 the previous week)
* The average market days was 13
(22 the previous week)
*The median market days was 6
(13 the previous week)
*The median (above ground) PP SQ FT $292
($320 the previous week )
This week (since 8-10-23) in the SW Metro, which for sampling purposes includes:
Bloomington, Chanhassen, Chaska, Eden Prairie, Edina, Hopkins, Minnetonka, and VictoriaYou can link to THIS WEEK PROPERTY REPORT You can also register when your in One Home and set up your own searches. | 
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than RE/MAX Results are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (little black
house) and detailed information about them includes the name of the listing brokers.
