Real Estate in Blaine, MN Weekly Market Numbers
For The Week Of February 8, 2021
New listings - There were 11 new listings last week, bringing the total number of homes for sale to 70.
Pending Sales - 13 homes went into a Pending status (sold waiting to close) last week, bringing the total to 100.
Closed Sales - There were 10 closed sales last week in Blaine.
Inventory, low mortgage rates, and high buyer demand continue to be the story of the Real Estate Market in Blaine, the Twin Cities Area, and nationally. Notice that there were more Pending home sales last week than new homes listed on the MLS. The median days on market for homes in January was 11 days and the months supply of homes is .6 of a month. All of this combined to bring the median market value to $308,000.
Please contact me for more specific information or questions. For a free market valuation of your home click here.