Minnetonka Market Trends For July 2023

🏡📈 Attention Buyers and Sellers in Minnetonka, Minnesota! 📣

📅 July 2023 Market Update 📅

✅ Name and Title: Aaron Blackman, REALTOR®
✅ Company: Better Homes and Gardens Real Estate All Seasons

🔎 Let’s dive into the latest Market Trends data, providing you with valuable insights for your real estate decisions:

1️⃣ Inventory Update 🏬🔍
Housing inventory in Minnetonka is currently at a low point, with only 1.77 months supply available. Over the past year, the Months Supply of Inventory has decreased by -4.32%. This indicates a competitive market where properties are moving quickly.

2️⃣ Pricing Analysis 💰📊
The List to Sold Price percentage stands at an impressive 101.7%. This suggests that homes in Minnetonka are selling at slightly above their initial listing price. If you’re a seller, this is great news as it reflects the strong demand and potential for a profitable transaction.

3️⃣ Speed of Sales 🕒⚡
The median days on market is just 12 days. Properties are being snatched up swiftly, showcasing the high demand and competitiveness of the Minnetonka real estate market. Buyers, be prepared to act fast when you find your dream home!

4️⃣ Median Sold Price 💼💵
The median sold price for properties in Minnetonka currently stands at $493,000. This figure represents the midpoint of all sales, providing a benchmark for property values in the area. It’s crucial to understand this price point when considering buying or selling a home.

💼🏡 Whether you’re looking to buy or sell a property in Minnetonka, these market trends are key to making informed decisions. As a REALTOR®, I’m here to guide you through the process, leveraging my expertise and market knowledge to ensure your success.

📲 Contact me today to discuss your real estate goals and let’s navigate the Minnetonka market together! 🤝🏡

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