Just 8 miles west of Minneapolis, Minnetonka’s name comes from the Dakota Indian mni tanka meaning “great water”. Home to Cargill and United Healthcare, the state’s largest public health insurance company.
From May of 2015 to May of 2016 this is the most up to date information on what is happening in the Minnetonka Real Estate Market. Statistics offered by the Minneapolis Area Association of Realtors.
|Median Sales Price||$300,550||$299,800||-0.2%|
|Days on the market||106||95||-10.4%|
|Months Supply of Inventory||4.6||3.0||-34.8%|
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 Minnetonka!
- New listings and closings are up from last year.
- Median sales price has stayed steady compared to last year.
- The best news has to do with how many homes are on the market. There is a shortage of homes currently listed which means there is more demand, which will continue to drive up the prices of homes. In fact, it has become a stronger seller’s market in Minnetonka than it was one year ago.
See more Statistics on Minnetonka Real Estate Here
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