Grand Forks, ND Housing Market

Trends from the previous month:

  1. The overall market is experiencing a price drop in single family homes, not only in the absolute price of average and medium homes values but in the price/sq.ft. The price drop is totally due to homes selling for less than $500,000. Homes above this value are posting a slight increase in value but the sample size is likely too small be statistically significant.
  2. There are approximately 14% fewer homes on the market in December.
  3. All houses are experiencing a significant increase in the days on the market before selling.RE Housing Dec 2017

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