The House Market

The House Market

House sales rise, but market remains tight

Sales of existing homes rose 0.4 percent in January to a seasonally adjusted annual rate of 5.47 million, the National Association of Realtors said Tuesday. Those gains build on a strong 2015. Sales last year reached a nine-year peak, evidence of healthy demand that has led some economists to predict that the real estate sector will keep improving. But the report also showed a shortage of available homes. The number of home listings in January fell 2.2 percent from a year ago. The result is that those shopping for homes have fewer options and must pay elevated prices. The median home sales price was $213,800 in January, an 8.2 percent annual increase from a year ago.

startribune.com


Darik Steinbach Headshot
Author:
Phone: 952-239-4290
Dated: February 26th 2016
Views: 224
About Darik: I have been selling residential real estate in Minneapolis full time for 10+ years. I constantl...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Indulge Today -  Cheeseburger day is
Sep 11 2018 -
Selling Your Home - Selling Your Home? Be Prepared to
How Long Have You Been In Your Home -  How Long Should You Live in

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Steinbach Home Selling Team
215 Walker Ave S
Wayzata, MN
952-314-4862
952-392-4566