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A Mid-Year Market Update for St. Cloud
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Our summer market has been great so far, and that trend is expected to continue into fall. Let’s take a look at the numbers.
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Now that summer is ending and we’re about halfway through the year, it’s the perfect time for a look at what’s going on in our St. Cloud market.
Recently, I’ve received a lot of calls from people asking if it’s too late for them to jump into a real estate transaction. The truth is: no.
Though summer markets are notoriously hot, this fall market is set to be excellent, as well.
In the last six months, 1,621 homes have sold in our local market. With 3,200 families making a move, this has been a very good year so far.
The current 363 pending sales we’re seeing today is down only just slightly from March, when that number was 452.
Within a 20-mile radius of St. Cloud, there are 962 homes on the market. Compared to the 640 homes on the market we saw in January, this is a significant growth.
With a good selection of homes, a market time between two to eight weeks, and interest rates at record lows, our current market holds a lot of great opportunities for buyers and sellers alike.
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If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon. Our current market holds a lot of great opportunities for buyers and sellers alike.
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