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 [...]
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 [...]
Minneapolis, Minnesota (May 12, 2015) – The number of signed purchase agreements in the 13-county Twin Cities region reached a 10-year high for the month of April. The figure came up just shy of reaching a 10-year record high for any month. Buyers wrote 6,329 offers to purchase homes, a 26.0 percent increase from last [...]
