The city of Shoreview is located in Ramsey county with a population of about 25,043. According to Wikipedia, Shoreview ranked fourth in a Family Circle list of best family cities. Land O’Lakes calls Shoreview its corporate home.
From May of 2015 to May of 2016 this is the most up to date information on what is happening in the Shoreview Real Estate Market. Statistics offered by the Minneapolis Area Association of Realtors.
|Median Sales Price||$242,000||$207,000||-14.5%|
|Days on the market||76||68||-10.5%|
|Months Supply of Inventory||3.0||1.6||-46.7%|
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 Shoreview!
- Although there has been a decrease in the number of new entries onto the housing market for sale, closed sales have outpaced new listings. Which has resulted in an INCREASE in the shortage of homes on the market. This is good news for sellers.
- 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 Shoreview now than there where 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 Shoreview Real Estate Here
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