Market

June 2024 real estate market update… average sale price holds steady at 100.1% of list price

Although real estate activity slowed down somewhat in June 2024 average sale price held steady with June 2024 at 100.1% and tied with May 2023. Competition sale prices peaked in...
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Weekly real estate market update 7/19/24… fixing up your home can make a difference

Showing activity is eerily on the same track as 2021… below 2020 and 2023 but ahead of 2022. Bottom line is, you don’t need 20 showings and 12 offers to...
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Weekly real estate market update 7/12/24… why asking price matters more than ever right now

The market is getting back into gear after the July 4th holiday. It makes me smile how new and coming soon listings flip flop at holiday times. What strikes me...
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Weekly real estate market update 6/28/24… housing market forecast for the rest of 2024

As we slide into holiday mode coming soon listings continue their downward slide. Stats are following the same trajectory as last year, the beginning of the downward slide for the...
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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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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.