The city of Savage is 15 miles southwest of downtown Minneapolis in Scott County. The population is about 26,911.
From May of 2015 to May of 2016 this is the most up to date information on what is happening in the Savage Real Estate Market. Statistics offered by the Minneapolis Area Association of Realtors.
|Median Sales Price||$248,888||$250,425||+0.6%|
|Days on the market||91||61||-33.0%|
|Months Supply of Inventory||3.3||2.9||-12.1%|
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 Savage!
- Although the amount of new listings has increased, the amount of closed sales has stayed relatively the same. This is good news for sellers as the prices are also being driven up.
- When the months supply of inventory dips below 5, it is considered a seller’s market. In fact, there are fewer homes on the market in Savage now than there were a year ago.
- All in all, a strong real estate market if you have a home to sell.
- If you have the opportunity to get in the market now, it would be advantageous for you to do so!
See more Statistics on Savage Real Estate Here
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