The first four months of 2015 were off to another strong start for home sales. Statistics from the Multiple Listing Service show continued strength in our housing market for houses sold in Fargo, West Fargo, Moorhead, Dilworth and surrounding communities in North Dakota and Minnesota.
Multiple Listing Service sales: 2015 VS. 2014
Existing Home Sales (pre-owned) Jan. – April
• Total dollar volume of sales: UP 7.25%
• Total number of sales: DOWN 3.75%
Reflects a shorter supply of existing homes for sale, plus people may be buying slightly more expensive homes.
New Construction Home Sales Jan. – April
• Total dollar volume of sales: UP 29.72%
• Total number of sales: UP 32.47%
Reflects an extremely strong market for new construction, in part because fewer people are selling their existing homes.
In May, our real estate market has been seeing another strong month so far, making it a great time to sell to get a good price for your home, and a great time to buy before prices increase further. I hope I can help you, your friends and family when it’s time to buy or sell real estate in the Fargo-Moorhead area!