August Market Update… holding steady but also going up

Sales, prices and inventory are holding pretty steady compared to the last couple months… but also going up compared to previous years.

For instance, pending sales rose dramatically through May… holding steady in June-July-August.


However, when you look at August figures since 2006, it is the highest it has been any year… with significant increases every year since 2010.


Total inventory of homes available for sale is still incredibly low, with steady sales keeping the months supply of inventory low at 3.6 months… it is still a strong seller's market.


Even though total listings are low and new listings are taking their traditional slide down after peaking in May…

AUG2013-new listings4yr
…August new listings are still the highest they have been since 2009.

AUG2013-new listings

Traditional sellers are getting back into the market as the number of foreclosures and short sales drop.

AUG2013-new listings by type

The figures above are based on statistics for the combined 13-county
Twin Cities metropolitan area released by the Minneapolis Area
Association of Realtors, with the historical chart coming directly from them.

Never forget that all real estate is local and what is happening in
your neighborhood may be very different from the overall metro area.

  • Click here for local reports on 350+ metro area communities
  • Click here for current interactive market analytics by area, city, county, neighborhood or zip code

Sharlene Hensrud, RE/MAX Results – EmailTwin Cities Real Estate Market


Written By

I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

Related Posts

price percent recieved

March 2017 real estate market update… average sale price is 98.1 percent of list

đź–¨ Print ArticleNew listings are up on 1.3% over last year but pending sales are actually down 3%. That said, you can see in the charts below how closely they...

September Market Update… continuing seller’s market with a return to normalcy

đź–¨ Print ArticleHow's the real estate market? Overall indicators point to a return to normalcy… sellers are selling, buyers are buying, lenders are lending, builders are building. What is perhaps...

Subscribe to Our Newsletter for Market Updates & Mid-Century Modern Listings

Our weekly HomesMSP Update includes current local market information and a curated list of mid-century modern properties for sale, plus posts from an inspector, a lender, a stager, info about neighborhoods, life in the Twin Cities… even recipes!


Blog Categories


Sharon and John Hensrud

About Us

The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.