Weekly real estate market update 10/27/23 – new listings and price changes are tied

New listings and price changes are about the same this week as are homes back on the market and coming soon. I wouldn’t be surprised if pretty soon there are more price changes than new listings. Fewer pending sales also means less competition and fewer multiple offers. Hint, hint… this is a good time for buyers if you can find a house you want.

Showings continue to be on pace with 2021, following the same trajectory as the last three years. Weekly new, pending and coming soon listings are very close to last year.

There is so much talk floating around about the real estate market… what is fake news and what is fact? The infographic below from our blog at Keeping Current Matters unmasks some of the scary myths about today’s housing market.

Sharlene Hensrud, RE/MAX Results – shensrud@homesmsp.com

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

Weekly real estate market update 5/17/24… the number of homes for sale is increasing

đź–¨ Print Article New listings continue to increase and coming soon listings also increased again this week… good news for weeks to come. Transactions that fall through and come back...

April 2024 real estate market update… median sale price highest on record

đź–¨ Print Article Median sale price in April 2024 hit a new peak, even higher than highest sale prices in June (typically the yearly peak) of the last two years....

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!

Hidden

Blog Categories

Archives

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.