May 2016 Twin Cities Real Estate Stats Minneapolis, Minnesota (June 14, 2016) – Pending home purchase activity exceeded year-ago levels for the 18th consecutive month. Buyers signed 6,809 new purchase agreements, a 9.9 percent gain compared to May 2015. Closed sales, however, rose 5.3 percent to 6,167—the highest May closed sales figure on record. In [...]
Spring Market Draws out Eager Buyers; Sellers Still on Hold Minneapolis, Minnesota (May 17, 2016) – New Listings showed a second year-over-year decline in 2016 while pending purchase activity rose for the 17th straight month. Buyers signed 6,373 new purchase agreements, a small but important 1.6 percent gain compared to a record-setting April 2015. Due [...]
Spring Market Draws out Eager Buyers; Sellers Still on Hold Minneapolis, Minnesota (April 14, 2016) – With the spring market officially underway, both buyer and seller activity rose in March 2016 compared to last March. Buyers signed 5,861 new purchase agreements, pushing pending sales up a respectable 12.6 percent. Would-be sellers were still concerned about [...]
Buyer and Seller Activity Increase as Spring Market and Warm Weather Arrive Minneapolis, Minnesota (March 14, 2016) – February Pending sales rose 6.7 percent while new listings increased 3.0 percent. The all-too-familiar supply crunch continued as inventory levels fell 19.4 percent to 10,953 active properties. Prices continued their steady climb back towards 2006 levels. The [...]
Weather, Job Growth and Rates Boost November Market Activity Minneapolis, Minnesota (December 11, 2015) – With warmer than usual temperatures, impressive job and wage growth and still attractive interest rates, strong home purchase demand continued into November. Pending sales rose 18.1 percent to 3,497 signed contracts; new listings increased 11.5 percent to 3,785 homes. That’s [...]
Housing Continues to Delight as Summer Activity Starts to “Cool” Minneapolis, Minnesota (August 13, 2015) – After purchase demand reached a 10-year record high in June, the Twin Cities metropolitan housing market continued to delight in July. With the spring and summer peak buying season coming to a close, activity levels should begin to cool [...]
Pending and Closed Sales Both Reach Highest Level Since June 2005 Minneapolis, Minnesota (July 13, 2015) – The Twin Cities metropolitan housing market reached key milestones in June. Both pending purchase demand and closed unit sales officially reached 10-year highs. The last time demand was this strong was June 2005. The number of signed purchase [...]
Hometown Realty has updated our gallery of recent homes sold. Check it out on our Home page to see if you recognize any of them and please keep Hometown Realty in mind if you are looking to sell or purchase a home in and around Hutchinson, MN. Yours could be next! Another home sold [...]
Median Home Price Just Shy of Record High Amidst Strongest Demand in a Decade Minneapolis, Minnesota (June 11, 2015) – With the sole exception of inventory, every market metric showed continued improvement during May. The number of signed purchase agreements in the 13-county Twin Cities increased 19.5 percent to 6,228. That marks the highest May [...]
After three full years of price gains, recovery shows renewed vigor Minneapolis, Minnesota (March 12, 2015) – The Twin Cities housing market showed refreshed signs of strength last month, partly in anticipation of what looks to be a promising spring market as well as favorable interest rates. Buyer and seller activity surged in February. New [...]
