Tagged : Blaine MN Real Estate Market

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Yes, it’s still a hot and heavy seller’s market in Blaine, but don’t take our word for it ― check out the latest statistics.

Blaine homeowners listed 1.1 percent fewer homes in May of this year compared to last, but more than 38.9 percent of the current inventory sold. This means that the inventory of available homes in Blaine has shrunk even more; we now have only a 3.1 months’ supply of homes for sale. Typically this situation will cause a rise in prices (supply and demand).

And it did, but only slightly. Median home prices in Blaine increased less than 1 percent from last year, to sit at $222,000. In April, by the way, the median sales price was $237,000. Blaine homeowners are realizing, on average, 98.5 percent of their original asking

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