Market

April 2021 real estate update… average sale price 103.4% of list price

As I scrolled through the data for April released by the Minneapolis Association of Realtors this week what struck me as different this month wasn’t the inventory or months supply...
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Weekly real estate update 5/7/21… nonfinancial benefits of homeownership may be most valuable

New listings took a nice jump up this week… buyers, rejoice! I know I really see it as buyers ask for more showings this week because there are new listings...
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Weekly real estate update 4/30/21… industry predictions for price appreciation

It is heartening to see new, pending, and coming soon listings all rising this week. Even more exciting is seeing 4,173 new and coming soon listings when you add them...
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The main driver of lack of inventory

The new home construction industry got hit hard when the recession hit about a decade ago… which is also when inventory started its long decline. Of course the overall housing...
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Weekly real estate update 4/23/21… it’s not a bubble, it’s a lack of supply

In response to the question, “Are we in a housing bubble?,” Lawrence Yun, chief economist for the National Association of Realtors said, “It is not a bubble. It is simply...
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March 2021 real estate update… months supply of homes $1M+ about 1/3 what it was last year

Inventory continues to be the lead story in the real estate market. March 2021 again ended the month with less than a month’s supply of homes for sale and a...
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Weekly real estate update 4/16/21… 93% of Americans believe a home is a better investment than stocks

Showings slipped a little this week but new and pending listings are up and coming soon listings are still strong. New listings are over 3,000, the highest since last August/September....
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Weekly real estate update 4/9/21… multigenerational living is growing

Showings took their expected dip over the holiday weekend. Data above is through Wednesday, expect it to jump up again next week. Pending sales took a corresponding dip this week,...
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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.