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HOW IS THE FARMINGTON HOUSING MARKET FOR SINGLE FAMILY HOMES?

7/24/2014

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Q: How is the Farmington housing market for single family homes?
A: The 2014 Farmington single family housing market has been experiencing heavy sales volume, 
low inventory and slight year-over-year price gains. Minnesota’s improving economy, low 
unemployment and the release of pent-up demand from the last three year’s “fiscal cliff”, low 
mortgage rates and the concern that they will continue to rise, pushed many into the market this year 
but were faced with limited supply. The lack of inventory is expected to be a constant problem 
through the remainder of the year and next year (2015). If you’d like more detailed statistical nformation on the Farmington housing market, we can send you the first and second quarter reports 
for Farmington and Dakota County. 
-Shannon Earle, President & Broker Fresh Start Realty LLC
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FRESH START REALTY LLC
17066 Everest Path 
Farmington, MN 55024
651.248.4855
Shannon@FreshStartRealtyMN.com
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