Real Estate in Blaine Minnesota
Week Ending October 11, 2020
Last week in Blaine there were 25 new listings, bringing the total number of active listings to 114. This number is continuing the trend of a decreasing amount of homes for sale in Blaine and the Twin Cities Area.
There were 20 homes that went Pending last week, bringing the total number of Pending sales to 177. Closed sales last week totaled 18, bringing the total for the month to 35.
Low inventory continues to drag on the market in Blaine and around the Twin Cities Area as mortgage rates are keeping buyer demand high. In turn market values keep increasing as the average sales price was $327,000 for September, an increase of almost 6% year over year. It still remains a good time to sell if you can find your next property or have time to wait until you find it.