• Minnesota Real Estate in May: Sales Up 15% YoY, Inventory Down 51% YoY

    11 days ago - By Calculated Risk

    Note: I'm tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.
    From the Minnesota Realtors® :
    Total Residential Units Sold in May 2021 were 7,982, up 14.5% from 6,971 in May 2020.
    Active Residential Listings in May 2021 were 8,953, down 50.5% from 18,074 in May 2020.
    Months of Supply was 1.1 Months in May 2021, compared to 2.6 Months in May 2020.
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  • Colorado Real Estate in May: Sales Up 58% YoY, Inventory Down 69% YoY

    Colorado Real Estate in May: Sales Up 58% YoY, Inventory Down 69% YoY

    11 days ago - By Calculated Risk

    Note: Remember sales were weak in April and May 2020 due to the pandemic, so the YoY comparison is easy. I'm tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.
    From the Colorado Association of REALTORS® for the entire state:
    Closed sales for Single Family and Townhouse-Condo in May 2021 were 11,128, up 58.3% from 7,029 in May 2020.
    Active Listings for Single Family and Townhouse-Condo in May 2021 were 7,034, down 69.4% from 23,060 in May 2020.
    Inventory in May was down 10.6% from last month.
    Months of Supply was 0.6 Months...
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