Thursday, March 30, 2017 / by Clark Jones
Recently, I have been contacted by buyers who are interested in purchasing a home in Stewartville. They absolutely love the town, the sense of community, the local schools, the proximity to Rochester, proximity to the Mayo Clinic. outdoor opportunities,proximity to local shopiping and malls, etc. However when helping them search for homes, they have become increasingly frustrated with the lack of inventory there. This is true for the majority of the market in Southeast Minnesota but in Stewartville in particular.
So with this curiosity at my finger tips, I took the liberty to explore some statistics from our local MLS to learn more. To my surprise, I found the average days on the market there to have decreased 53% from this time a year ago. In addition, the average sales price has risen 115% in one year. What does this mean? It means people who live in Stewartville are reluctant to leave because of their love for the town. It al ...