STRANGE WEEK ALERT! THIS WAS A WEEK OF ELIMINATING OLD INVENTORY!
This week there were 4 homes sold (closed) in this very narrow category of stick built, single family homes located in the City limits of Minot. A look at the Red chart below shows there were 17 closings overall to include all properties. Of the homes that closed this week the average days on market was 389 (not a typo!) compared to last weeks 87 days. It's good to see old inventory move out BUT this was very odd that all 4 of the homes were on the market over 200 days each or more.
The chart above is the total MLS activity for the week. This includes ALL types of properties as well as all cities in our MLS. The chart below is very restrictive as explained below.
Be sure to note the line above as this is a very restrictive report. There were 4 homes sold in this limited category. The most expensive home sold for $310,000. and it was on the market for 283 days. The least expensive home sold for $164,000. and it was on the market for 211 days. Average days on market for the 4 homes sold was 389 days. Of the homes sold the average price per square foot (total square footage) was $87.70 (compared to $121.98 last week)
This report is updated daily at MinotHome.com
1600 2nd Ave SW (The Arrowhead Shopping Center)
Minot North Dakota 58701
Call 701-852-1197 or text 701-720-8513