Revised September 5, 2024
On July 6, Axios Twin Cities reported that home prices are on a “sizzling” rise this summer. Redfin reports that overall Twin Cities’ prices are up 4.5% in May from a year ago.
Zoom in on Shorewood, and the numbers are not as hot.
Redfin breaks it down: “In May 2024, Shorewood home prices were down 18.1% compared to last year, selling for a median price of $547K. On average, homes in Shorewood sell after 57 days on the market compared to 17 days last year. There were 7 homes sold in May this year, down from 10 last year.” – Redfin
Meanwhile, Zillow says July data shows average Shorewood home value is $742,875, up 0.5% over the past year.
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