Both the Strib and the Pioneer Press run articles today on the drop off home sales last month, which fell 12% short of the previous November.
Though this is a sign that the market may be cooling – there’s simply no need to invoke the B-word just yet. After all, this is one month we are talking about, and home sales year-to-date are less than 1% behind last year’s all-time record pace. Other rumblings & numberings from the articles:
· Largest Decrease: Anoka County sales down 28.7% from last year.
· Largest Increase: Washington County, up 12% in median sales price.
· $232,000: Median Sales Price – up (from $222,000) 4.5% metro-wide.
· Inventory Up: 27% more homes on the market than this time last year.
· 53,608: Through November, number of homes sold this year.
· Area Home Sales Decline 12% [PioneerPress.com]
· Metro-Area Home Sales Dropped in November [StarTribune.com]
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{ 2 comments… read them below or add one }
Where might I find more detalied versions of the stats you referenced? Specificly, the year over year sales change for each county?
Frank,
I’d start with the State and Local realtor associations, who mostly compile that data, though I doubt that they’ve got the level of detail you are looking for as a free download, it’s worth a shot, or at least an email.