Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 13% from one year earlier, and up 1% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 170-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 28%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 140-thousand dollars. The number of units sold increased 2% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Mankato, MN
Area Information for Mankato, MN
Median Age:26.53 yr
Median Commute Time:11.3 mins
Population Density:2,212/sq mi
Population Change Since 2000:18.7%
Closest Airport:Minneapolis-st Paul International/wold-chamberlain