Market

Weekly real estate market update 6/21/24… new construction is catching up

New and coming soon listings are declining this week, as I expect will continue as we move into the July 4th holiday season. Pending sales and price changes flipped, as...
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May 2024 real estate market update… supply of inventory continues to rise

In May 2024 Twin Cities inventory of homes for sale rose 15.7% over May 2023, to 8,614 homes for sale. But months supply of inventory rose even more… a 21.1%...
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Weekly real estate market update 6/14/24… home equity gains by state

Price changes are increasing as other stats trend down… Showings continue to hang below 2023, as they have for the last couple months… And new listings continue to be higher...
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Weekly real estate market update 6/7/24… new listings highest in two years

New listings jumped up again this week after the Memorial Day holiday… not this high since June and July 2022. Price changes and pending sales are also up… multiple offers...
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Weekly real estate market update 5/24/24… more listings coming soon

When new listings dip as they have this week it can be a concern whether the supply of homes for sale will drop as well, especially when accompanied by a...
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Weekly real estate market update 5/17/24… the number of homes for sale is increasing

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

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. The flip side...
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Weekly real estate market update 5/10/24… price decreases on the rise

When I look at the stats this week what stands out to me is the steady increase in price changes… now close to pending sales, which have been relatively steady....
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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.