Market

November 2022 real estate market update… new construction supply is up

After years of falling inventory with new construction inventory lower than previously owned properties, new construction started to move into positive increases about a year ago. Some of that likely...
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Weekly real estate market update 12/16/22… 2023 Housing Market Forecast

There were more pending sales than new listings this week, first time since April but what happened the last three weeks of December last year… we will see if the...
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Weekly real estate market update 12/9/22… what makes this a good time to buy

Not many weeks left in the slide to the lowest market point of the year. A few more new listings this week as sellers take advantage of the holiday time...
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Weekly real estate market update 12/2/22… housing forecast 2023 from realtor.com

New listings and pending sales have come together to almost tie this week, already declining so you can’t see a noticeable Thanksgiving dip. I had to double check multiple offers…...
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Weekly real estate market update 11/18/22… fewest weekly new and coming soon listings in three years

New and pending listings are getting closer together as we move into holiday mode and fall into low numbers expected at the end of the year. New and coming soon...
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two people sitting on dock by lake

October 2022 real estate market update… pending and closed sales drop more than 33%

Pending and closed monthly sales having been falling behind last year’s sales all year, but they both had their biggest drop compared to last year in October. With pending sales...
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Weekly real estate market update 11/11/22… more price changes than new listings, multiple offers increase

Price changes are a little higher than new listings this week, what many buyers have been waiting for. But what many people don’t think about is the fact that as...
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Weekly real estate market update 11/4/22… making first real estate purchase investment property

Showings continue to decline as expected as new listings continue to fall, not even trying to catch up with the number of showings that were about the same for the...
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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.