Southeast Minnesota December Market Update
Justin Schwirtz
Justin was born and raised in South East Minnesota where now he and his wife Sarah reside in Rochester where they have raised their 3 children Dominic...
Justin was born and raised in South East Minnesota where now he and his wife Sarah reside in Rochester where they have raised their 3 children Dominic...
2021 was quite the year!
Between August 2020 and August 2021, home prices across the United States and Canada rose to record levels, with the U.S. housing market rising to a record of 19.9% and the Canadian housing market rising to a record 21.4%.
2022 stands to be another strong year for sellers. If you're thinking about selling your home, being aware of the trends in the market will help you understand the strength of the market.
Our market update showcases everything you need to know about local real estate trends as we head into the new year.
December 2021
1 Month of Supply
286
New Listings
369
Under Contract
520
Active Listings
532
Closed Sales
Homes Sold
97.6%
Sale-to-List Price
$284,072
Average Sales Price
$250,000
Median Sales Price
37
Average Days on Market
2021 Year in Review
$277,011
Average Sales Price
6,958
New Listings
99.8%
% of List Price Received
32
Days on Market
6,549
Closed Sales
Curious about how your home's value changed in 2021?
We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information heading into 2022.