Wednesday, September 19, 2012
The number of homes on the market is down 50.5 percent this year and the number of months homes are vacant before sale is also down 65.9 percent.
- THE NEIGHBORHOOD FILES
- Jeff Roberts
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Wednesday, September 19, 2012
Real estate is officially a hot investment again. The Minneapolis Area Association of Realtors (MAAR) announced this morning that for the sixth consecutive month, local real estate prices were up in August on a year-over-year basis. The median price, regionwide, was up 15.5 percent from the same month last year, to $179,000. And the average sales price was $222,922, up 10.4 percent and marking the seventh consecutive month of annual increases. Even in the boom period from January 2003 to January 2004, median prices in the Twin Cities area were only increasing by about 7 percent a year. For Inver Grove Heights, August was a good month in a mediocre year. MAAR recorded 39 closed sales in IGH in August 2012 as compared to 19 in 2011. …
Wednesday, June 20, 2012
According to the Minneapolis Area Association of Realtors (MAAR), the number of closed sales in Inver Grove Heights increased from 113 in 2011 to 159 this year.
The housing market in Inver Grove Heights is showing promise in several key areas, according to statistics released in early June from the Minneapolis Area Association of Realtors (MAAR). Compared to 2011, the number of new listings in the city is up 3.4 percent in May and up 1.7 percent so far in 2012. The number of closed sales in Inver Grove also increased 40.7 percent—from 113 in 2011 to 159 this year. The average number of days homes are staying on the market has dropped dramatically. Year-to-date statistics show an average of 14 fewer days on the market compared to 2011. In fact, homes in May 2012 spent an average of 124 days on the market compared to 153 days in 2011—an 18.5 percent decrease. One particularly encouraging statistic …
Friday, April 13, 2012
The median price of a home in IGH is down 31 percent in 2012 but local realtors are seeing far fewer homes on the market and far more closed sales.
Minnesota's housing market appears to be on the mend, but fluctuating numbers in Inver Grove Heights are giving local real estate professionals cause for pause. Area realtors reported Wednesday that residential real estate prices across the Twin Cities are on the rebound; the median price of homes sold in March was up 6.4 percent from the same month last year—the first such year-over-year increase since October 2010. But according to a report from the Minneapolis Area Association of Realtors (MAAR), the median price of a home in Inver Grove Heights in March 2012 was $129,900—almost 31 percent below its level in March 2011. Still, local real estate professionals are seeing several positive signs in the market. In fact, the number of …
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11:26 pm on Friday, September 21, 2012
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