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Health & Fitness

May Real Estate Statistics for Lakeville

This blog outlines the May 2011 real estate statistics for Lakeville.

Lakeville has always been a very active real estate community and May is no exception.  Lakeville is still out producing other nearby cities.  I get many requests on my websites and from my current clients asking for up to date  data on the real estate market in their specific area.  In doing so I thought I would blog here on Patch and share some information with those of you who would be interested in reading it.

When comparing May 2011 to May of 2010, new listings are up 26.7 percent.  Closed sales are down 17.6 percent.  Median sales price in Lakeville, MN is down from $228,500 to $200,000 which is a reduction of 12.5 percent.  This is not to say that home prices are down 12.5 percent across the board from May of 2010.  It means that more lower priced homes on average are selling right now.  Days on market have increased by 4 days to 123.   The months of inventory supply has remained very steady at 6.9 months but the number of homes for sale in Lakeville is down 12.8 percent to 388 active listings. If you are looking for any other specific information feel free to email me.Tom Sommers/Edina Realty/Real Estateology

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