Market

Weekly real estate market update 11/22/24… showing activity highest in 5 years

Showing activity shows that buyers are still looking. Activity has been consistent since Labor Day… and this week is the highest in the last five years… a good sign it...
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October 2024 real estate market update… condo supply soars over townhouses and houses

Overall nationwide inventory increased by 23% in October, to a 4.3 months supply. In the Twin Cities metro area overall inventory also increased, but only by 4.0% to a 2.6...
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Weekly real estate market update 11/15/24… price reductions increase

Noticeable change this week is an increase price reductions, resulting in more multiple offers. Another interesting change is an increase in listings back on the market… meaning the sale fell...
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Weekly real estate market update 11/8/24… is a fixer upper right for you?

Market stats continued to drop this week, but coming soon listings and multiple offers dropped more than other metrics. Even though there aren’t as many multiple offer situations, I had...
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Weekly real estate market update 11/1/24… how do Presidential elections impact the housing market?

Real estate market activity is tracking down… is it just seasonal, or does the Presidential election have anything to do with it? The only metric that didn’t fall this week...
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This is the best week to buy a home in three cities… including Minneapolis!

I was surprised when I read an article from realtor.com this morning that stated that this is the best week of the year to buy a home in three US...
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Weekly real estate market update 10/25/24… sliding down, but ahead of last year

Market indicators are moving down in tandem… but don’t panic, this is typical for this time of year. The good news is that it is hanging above last year at...
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September 2024 real estate market update… national home sales fall to lowest level since 2010

According to the National Association of Realtors, September national home sales fell to the lowest level since 2010. You can see in the chart below of Twin Cities closed sales...
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Sharon and John Hensrud

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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.