Housing Market Update for Ogilvie MN

Housing Market Update for Ogilvie MN

 

Here is the Market Update for the Ogilvie MN homes. Sold data coming from the past 3 months.  Updated:  08/26/2016

Properties Currently Active on the Market:  9

Single-Family Homes closed:  5

Average Sales Price: $173,163

Average List Price:  $163,062

Sales Price to List Price Price Ratio:  111.7%

Average Days on Market:  24

Sales Currently Pending:  9

We are definitely seeing an improvement in the market in regards to pricing and the number of sales are improving as well.  We are still experiencing lower inventory levels than in the past few years.    

The average days on market have been trending downward between April and June of this year.  The Month Supply which is an indicator of how long the homes on the market would last if no other sellers entered the market.  The Months Supply indicate started spring 2016 at 1.7 and has been trending upwards toward 4.6 months in August.  Indicating the buyer demand is not as strong as it was in March.  The Average price per square foot has been trending upwards since February 2016 to a current value of $106 per square foot of living space.

 

 

If you are thinking about moving, connect with me to learn:

strategies to prepare your home for market,

receive an in depth market analysis

and marketing strategy.

 

Look for homes for sale in Ogilvie

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