Plymouth, MN - Real Estate Statistics - May, 2009
June 29th, 2009 Categories: Plymouth Current Housing Statistics, Real Estate News
Here are the latest statistics from the Minneapolis Area Association of Realtors for Plymouth. The chart explains itself, but in a nutshell, there were a whopping 11.8% less single family homes on the market by the end of May this year than last year.
The housing affordability has not been this good since 2004, according to the association. I believe that we’re near the end of the price cuts, too. Plymouth’s average sales price for May alone was 7.2% above last year’s average sale price.
What this says to me is that Plymouth homeowners are digging in and not allowing their homes to be undersold. This signifies that the market is becoming more balanced. If home owners can’t sell their home for what they want, they’re not going to list in the first place. CLICK ON THE CHART FOR A LARGER PICTURE!
