Plymouth Real Estate Stats for January 2013

Real Estate Statistics for Plymouth MN for January 2013

Interesting statistics for Plymouth homes sales for January 2013. The median price of a home dropped 4.9% from $282,000 to $268,183 compared to January 2012 but the average price went up 5.2% from $299,871 $315,422. One can interpret that the market is fairly strong on the lower end of the price range in Plymouth but that the higher end priced homes have rebounded quite a bit from just a couple of years ago. There has also been a decrease in distressed properties on the market (foreclosures and short sales) which has plagued home prices for the last 5 years. Compounding this, is that the number of listing on the market is down 20.2% from January of 2012.  Look for new construction to continue to be relatively strong this year as buyers, not able to find existing homes to satisfy their requirements, look to building.  All and all, if interest rates remain near historical lows and consumer confidence stays high, the housing market should continue to heal through out 2013. 

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something