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
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
