Tuesday, October 16, 2012
The median sale price for a home in Eagan during the month of September was up 9.5 percent from the same period last year.
Follow Eagan Patch on Twitter | Like us on Facebook | Sign up for our daily newsletter | Blog for us The Twin Cities region as a whole is experiencing the closest thing it’s seen in a long while to a “boom market”—or it would be, at least, if more homeowners were willing to post a 'For Sale' sign. Andy Fazendin, president-elect of the Minneapolis Area Association of Realtors, said the median sales price across the 13-county area in September was $174,000, up 12.3 percent from the same month a year ago. In addition, homes spent an average of 101 days on the market, selling 28.7 percent faster than last year at this time. Sellers received, on average, 94.8 percent of their list price, 4.1 percent more than in September 2011. Eagan's housing …
Sunday, March 18, 2012
The local housing market is off to a warmer start this year, according to the Minneapolis Area Association of Realtors.
In the first two months of 2012, nearly 100 homes sold in Eagan—a 35.7 percent jump from the same period last year, according to the most recent market report from the Minneapolis Area Association of Realtors. Buyers closed on 95 homes in January and February, and the median sale price for homes in Eagan rose more than 2 percent, to $175,500. The months supply of inventory of homes in the Eagan market—an indicator of local supply and demand—shrank by more than 50 percent, from 6.8 to 3.3 months. Eagan's trends are reflected in the regional market; the number of closed sales in the Twin Cities so far this year has increased 20 percent when compared to the same period in 2011. The total inventory of homes for sale shrunk from 22,940 in …
Thursday, January 12, 2012
Year-end local market reports are optimistic, thanks in part to a dramatic decline in the supply of available homes.
For the last several years, the local and regional housing markets have been flooded by an oversupply of available homes—many of which were foreclosures or short sales. But that may soon change, according to industry experts, who say that inventory levels are finally starting to bottom out, thanks to stronger home sales in 2011. In 2010, a total of 649 homes were sold in Eagan, according to the year-end Local Market Update report issued by the Minneapolis Area Association of Realtors. But last year, that number rose dramatically, eventually hitting a total of 796 closed sales. As a result of the growth in closed sales, the inventory—or supply—of available homes in Eagan shrank by nearly 40 percent in 2011, according to the association's …
Tuesday, January 10, 2012
Through Nov. 2011, a total of 713 homes have sold in Eagan, a 20 percent increase over the same period in 2010.
The good news for Eagan home owners looking to sell their property? Buyers purchased more local homes in the first 11 months of 2011, compared to the same period in 2010. The bad news for home owners looking to sell? The average sales price for those homes dropped 7.5 percent, from $208,141 in the first 11 months of 2010 to $192,522 in the same period in 2011. It's a trend that's playing out on a regional level, according to the Minneapolis Area Association of Realtors, which releases regular real estate reports for communities in the area. The reports include the number of closed sales, average sale price of homes and other information. Across the Minneapolis-St. Paul metro area, the average sales price for homes through Nov. 2011 …
Friday, October 14, 2011
Despite the uptick in sales, a new report by the Minneapolis Area Association of Realtors shows new listings are down by more than 40 percent.
Home sales were up more than 50 percent in Eagan last month, and the median price of a home sold increased, according to a new report by the Minneapolis Area Association of Realtors. A September home sales report out this week shows the median price of a home sold in Eagan was $185,000, up 12.1 percent last month from September of last year. Real estate agents in Eagan last month closed on 71 homes. That's up more than 50 percent from September 2010, when 47 homes were closed. New listings are down more than 40 percent. Last month, 84 homes were listed for sale, but in September 2010, 149 homes had been newly listed. In August, housing prices fell more than 21 percent and home sales more than doubled in Eagan.
Thursday, August 11, 2011
New report shows increase in sales closed and median home price, but new listings were down in July.
A new report shows home sales in Eagan increased last month, but new listings are down. The Minneapolis Area Association of Realtors released a report measuring year-over-year local home sales. Eagan real estate agents closed on 61 homes last month, compared with 51 homes closed in July last year. That's an increase of almost 20 percent. The median price of a home sold increased almost 6 percent, too -- from $175,000 last July to $185,000 last month, according to the report. Fewer people are putting new homes on the market, though. New listings were down 16.3 percent -- from 123 last July to 103 last month, the report shows.