Gung-Ho Sellers Post Largest Increase in Nearly Three Years Minneapolis, Minnesota (September 19, 2018) – More sellers are feeling optimistic about listing their homes just as humidity, cabin weekends and food-on-a-stick give way to rakes, school buses and sweater vests. Compared to last August, Twin Cities sellers listed 7.6 percent more homes on the market. [...]
Good news for sellers may finally be luring them into the market Minneapolis, Minnesota (June 18, 2018) – More sellers may finally be jumping into the market at a time when buyers are facing the challenges of low inventory. Since 2013, new listing activity has been subdued relative to buyer activity and hasn’t surpassed 9,000 [...]
Slight cool-down possible, particularly under $250,000 Minneapolis, Minnesota (October 16, 2017) – The red-hot Twin Cities housing market is starting to cool off just a bit. While June 2017 marked an all-time record for Twin Cities home sales and prices, purchase demand declined from last year for a third consecutive month. New listings decreased 5.2 [...]
Sales and prices hit new highs, despite inventory constraints Minneapolis, Minnesota (July 18, 2017) – Despite the decelerating gains in buyer activity, June 2017 was a new record high for home sales in the Twin Cities. Compared to last June, closed sales in the metro rose 2.2 percent to reach a new high of 7,430 [...]
Inventory Low, Market Times Quick, Buyer and Seller Activity Steady Minneapolis, Minnesota (June 15, 2017) – Compared to May 2016, new listings in the Twin Cities inched up 0.7 percent while closed sales fell 1.1 percent. Given that there were 17.3 percent fewer homes on the market compared to last April, it’s clear that buyers [...]
Trading places? Seller activity up; signed purchase agreements down Minneapolis, Minnesota (April 17, 2017) – Seller activity rose 1.3 percent compared to March 2016. The number of signed purchase agreements declined 3.0 percent, though the number of closed sales rose 8.3 percent. Housing demand has outpaced supply, thus continuing the trend of falling active listings. [...]
Twin Cities 13-County Metro Area Homes For Sale Inventory Minneapolis, Minnesota (March 15, 2017) – With the number of homes available for sale at a 14-year low, the well-priced homes that are on the market are often getting full-price offers or better in record time. Active listings continue to drop, they’re currently down 25.3 [...]
Twin Cities Homes Selling in Record Time, But Key Differences Persist Minneapolis, Minnesota (August 12, 2016) – Seller activity declined 5.5 percent since last July, as sellers introduced 7,522 new listings to the marketplace. Sales activity was slightly below year-ago levels. Closed sales fell 5.8 percent while pending sales—the number of signed purchase agreements—fell 3.1 [...]
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 [...]
