Market

December 2024 real estate market update… sales up, inventory down

New listings were up 6.4% in December 2024 compared to December 2023. But sales were up even higher… pending sales up 6.2% and closed sales up 14.1%… resulting in a...
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Weekly real estate market update 1/24/25… average new home size has gotten smaller

With weather cold enough to close schools this week, it should come as no surprise that showing activity didn’t follow the upward trend of past years. New listings and price...
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Weekly real estate market update 1/17/25… roughly 11,000 homes sell each day

After the dramatic jump last week following the holiday season, the market is settling down again this week. It’s too early in the new year to see trends or much...
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Weekly real estate market update 1/10/25… 2025 housing forecasts

Market stats over the last few weeks clearly show that I wasn’t the only one taking time off during the holiday season. The market slowed down over the holidays starting...
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Weekly real estate market update 12/20/24… the biggest perks of buying a home in the winter

As new listings, price changes, coming soon and back on the market listings all are falling into the season, pending sales are holding steady and multiple offers increasing a bit....
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November 2024 real estate market update… inventory of houses 4.3% below last year, condos 30.7% above

Condo inventory continues to increase at a higher rate than townhouses… and the number of houses for sale decreased compared to last year for the first month this year. Breaking...
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Weekly real estate market update 12/13/24… market is steady, builders are trying to catch up

Showing activity is on track with last year at this time… higher than in 2021 and 2022. New, pending, coming soon listings are steady, as are price changes. The market...
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Weekly real estate market update 12/6/24… winter sweet spot is a good time to buy and sell

Showing activity dropped as usual over Thanksgiving as we move into the holiday and winter season. New listings, price changes and pending sales are in lock step as properties coming...
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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.