Minnetonka Market Trends For June 2023

🏡📊 June 2023 Market Update in Minnetonka, Minnesota 📊🏡

👨‍💼 Meet Aaron Blackman, REALTOR®, from Better Homes and Gardens Real Estate All Seasons! As your trusted real estate advisor, I’m here to keep you informed about the latest market trends. Let’s dive into the data and discover what’s happening in our local housing market.

📈 Inventory Update: Currently, we have a 1.38 Months Supply of Inventory in Minnetonka. This means that if no new homes were listed, it would take just over a month to exhaust the existing inventory. Over the last 12 months, the Months Supply of Inventory has increased by +4.55%. This indicates a slightly more balanced market and could provide opportunities for both buyers and sellers.

💰 Price Insights: The List to Sold Price percentage stands at an impressive 101.6%. This indicates that, on average, homes are selling above their listing prices. Sellers can take advantage of the strong demand and potentially achieve higher sales prices. On the other hand, buyers may need to be strategic and prepared to compete in this competitive market.

⌛ Speedy Sales: The median days on market for homes in Minnetonka is just 13 days. This indicates a strong demand and a quick turnover of properties. If you’re looking to sell your home, now might be the perfect time to do so!

💲 Median Sold Price: The median sold price in Minnetonka currently stands at $476,000. This represents the middle point of all homes sold in the area. It’s important to note that individual home prices may vary based on location, size, and condition.

📆 Stay tuned to my updates as I continue to monitor the market for you. Whether you’re considering buying or selling, I’m here to provide expert guidance and help you make informed decisions.

📲 If you have any questions or need personalized advice, feel free to reach out. Let’s navigate the Minnetonka real estate market together! 🏡💼

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