Itasca County MN Oct 2020 real estate market numbers

New Listings Oct. 2020 - 96 listings vs  Oct. 2019 - 120 listings a decrease of 20% Year to date numbers show a 20.4% decrease in new listings.

Pending sales Oct. 2020 - 122 pending sales vs Oct. 2019 - 104 pending sales, an increase of 17.3% year to date, shows a 17.3% increase.

Closed Sales - 179 Oct. 2020 closed sales vs Oct. 2019 - 123 closed sales. An increase of 45.5%. Year to date, 15% increase in closed sales.

Avg. Sale Price Oct. 2020 - $244,556 vs Oct. 2019 Avg. sale price of $181,368. Year to date there is an increase of 8.1%.

Inventory - Oct. 2020 we have 279 active listings vs Oct. 2019 - 733 active listings, a decrease of 61.9%.

This is a great time to sell. Low inventory equals higher sales prices.

These numbers are provided by the Itasca Board of realtors.