MyMarketPulse (mymarketpulse.com) recently disclosed its August 2024 findings on the housing market conditions in Red Lake County, Minnesota.
According to the latest data, Red Lake County’s Median Sale Price was pegged at $75,000, showing a decrease of 44.4% from the preceding month and a drop of 38.5% from the year before.
The region reported 2 home sales, marking unchanged from the prior month, and 33.3% decrease year-over-year.
The median time homes spent on the market was 48 days, which is down 13 days compared to last month and an increase of 11 day over the previous year.
Currently, with a Market Pulse Score of 82, Red Lake County’s real estate market appears to be experiencing a downtrend.
For more information about the Red Lake County, Minnesota market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
MyMarketPulse – What the Pros Know