Market

Weekly real estate market update… chart for how lower interest rates affect buying power

The real estate market settled down again after the post-holiday boost, but still ahead of last year. Showing activity continued along the same track, almost as busy as last year...
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August 2024 real estate market update… inventory continues to slowly rise

Inventory continues to rise as it has all year… in July, 11.7% above last year. Months supply of inventory also is continuing to increase, 13.0% over last July. New listings...
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Weekly real estate market update 9/13/24… what’s happening with home prices

Everything springs back to life this first full week after Labor Day. New listings take a big leap up, higher than last year… Showings increase… But what is perhaps most...
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Weekly real estate market update 9/6/24… early predictions for 2025

New listings are hovering ahead of last year, but on a similar path… same with pending and coming soon listings. When new listings increase, coming soon listings decrease… and when...
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US Housing Market Filled With ‘Wait-and-See’ Home Buyers

Nationally, pending sales dropped to the lowest level on record in July 2024… but pent-up buyer demand could be waiting for opportunities to open up. The National Association of REALTORS®’...
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July 2024 real estate market update… sales steady the last 3 months

In July 2024 new listings increased 7.2% over last year, while pending sales decreased 4.2% and closed sales increased 1.2%. What I find interesting is 2024 closed sales have remained...
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Weekly real estate market update 8/9/24… mortgage rates lowest in more than a year

Real estate showing activity is on its regular downward slide through the dog days of summer… slowing down, but on a track similar to past years. New and coming soon...
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Weekly real estate market update 8/2/24… more interest in multi-generational homes

Welcome to the Dog Days of Summer… and the doldrums of the real estate market. There isn’t much happening in the real estate market… except holding fairly steady, which could...
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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.