Q1 Fargo Market Update 📈

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This is the Midwest Invest Report. The Newsletter that will teach you about the real estate market you live in: Fargo/Moorhead/West Fargo.

☝Sneak Peak: Q1 Fargo Market Update☝

Here’s the Rundown for today:

📕 Read/Watch: Q1 Fargo Market Update from Kyle

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The Q1 FARGO MARKET UPDATE
The Nitty Gritty:
  • YTD Fargo’s market is up 4.5% from 2023

  • Median Home price is up 6.06%…from $272K to $289K. (Gotta love that appreciation, eh homeowners!?)

  • Absorption rate is climbing AKA inventory is growing (good news for buyers)

BONUS STAT: Average days on market (DOM) right now for a home in the FM area is 36.

Main Takeaway for Kyle:

The market is in a bit of a sweet spot where listings still sell in 30 days...but buyer’s are able to have some negotiation power as well.

🚨🚨 Interested in your home value in 2024? 🚨🚨

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