Farmington is a city in Dakota County located in the southern Twin Cities area. Population about 21,086.
From May of 2015 to May of 2016 this is the most up to date information on what is happening in the Farmington Real Estate Market. Statistics offered by the Minneapolis Area Association of Realtors.
|Median Sales Price||$225,000||$230,783||+2.6%|
|Days on the market||83||64||-22.9%|
|Months Supply of Inventory||2.9||2.7||-6.9%|
What this means for you if you’re selling your home:
It’s a very good time to sell your home if you live in Farmington!
- It remains a very strong sellers market in Farmington. We anticipate strong appreciation as long as there continues to be a shortage of homes on the market. If you’re thinking about selling in the next 6 months, NOW is the time to get your home on the market.
- With the shortage of new listings and increase in closed sales, the inventory is very low right now.
- But, why wait? If you have the opportunity to get in the market now, it would be advantageous for you to do so!
See more Statistics on Farmington Real Estate Here
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