February 2024 real estate market update… inventory and prices are rising

New listings in February 2024 were 34.5% higher than February 2023. Pending and closed sales also grew, but not as much as new listings… resulting in an increase in inventory....
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Latest national housing trends

With the number of new listings going up and average days on market going down, buyers may have more options, but will still want to move fast… I keep getting...
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Weekly real estate market update 3/15/24… showing activity is strong

Showing activity is significantly ahead of last year and also ahead of every year except 2021, which had insane competition and price appreciation. Pending sales continued to increase this week...
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Weekly real estate market update 3/8/24… new listings leap up, benefits of downsizing

New listings leaped up this week, significantly ahead of new listings last year at this time, and close to what they were in 2022. Not only did new listings jump...
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Weekly real estate market update 3/1/24… new listings are climbing

New listings continue to climb, on track with typical seasonal trends… ahead of last year, this week’s new listings are almost identical to what they were in 2022. This year’s...
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Weekly real estate market update 2/23/24… how changing mortgage rates impact you

Property showings are on track with activity in previous years… … as are new and pending listings. Coming soon listings popped up a bit again this week. It feels good...
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Weekly real estate market update 2/16/24… new listings take a big jump up

New listings took a big jump up this week after the Super Bowl, which is the ‘official’ start of the spring real estate season. What is even more significant is...
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January 2024 real estate market update… off to a promising start

Nationally, 2023 home sales were the lowest since 1996. In the Twin Cities market, the number of sales fell every month compared to the previous year every month since September...
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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.