April Housing Sales Trends for Plymouth Minnesota

Brian Scates | Friday, May 22, 2015

First, both the number of listings and sales are trending upward nearing a clip of 20% from 2014. Year to date statistics show a dramatic 30% increase in new listings for Plymouth, MN properties and 21% uptick to home sales.

Secondly, our year to date median sales price (MSP) and average sale price (ASP) is up from a half of a percent for ASP to one percentage point improvement from 2014. However, in themonth of April 2015 we experienced a drop in both the MSP and ASP.

Days on market has dropped significantly at around a 20% clip from 2014 year to date statistics. What makes this most interesting is there are more homes entering the market but the average days on market is still experiencing a decline. This suggests a very viable buyer market that exists.

We both live in and own a real estate brokerage in thePlymouth, MN community. I offer both home owners and home buyers personable, and strategic real estate solutions that will save you some money through the real estate sale or purchase of your home. I bring a wealth of experience and knowledge to complete your real estate transaction at a value uncommon in this industry. Give me -- Brian Scates at 612-877-2100 a call,fill out a contact formso we can discuss your options.

Click on the link below to view the whole breakdown on the city of Plymouth for April 2015:

City of Plymouth, MN 20% 17.50% -4.80%
Change in New Listings Change in Closed Sales Change in Median Sale Price
2014 2015 plus / minus 2014 2015 plus / minus
New Listings 195 234 plus 20% 565 737 plus 30.4%
Closed Sales 97 114 plus 17.5% 262 319 plus 21.8%
Median Sales Price* $320,000 $304,700 -4.80% $306,250 $308,897 plus 0.9%
Average Sales Price* $371,164 $361,982 -2.50% $355,415 $357,233 plus 0.5%
Price Per Square Foot* $138 $137 -0.08% $133 $133 -0.20%
Percent of Original List Price Received* 96.80% 96.60% -0.02% 96.00% 95.70% -0.30%
Days on Market Until Sale 88 70 -20.50% 89 74 -16.90%
Inventory of Homes for Sale 348 400 plus 14.9% na na na
Months Supply of Inventory 3.4 3.7 plus 8.8% na na na
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