Market

Real Estate Market Update 8/7/20… today’s buyers are ready to buy NOW!

Showings ticked up this week to 16.4% ahead of last year at this time… likely in response to a jump in new listings to the highest level since June 2019....
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Real Estate Market Update 7/31/20… why this may be a good time for you to sell

Showings continue to be strong, 15.8% ahead of the same time last year. New listings are holding steady while pending sales increased again. It is encouraging that coming soon listings...
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Real Estate Market Update 7/24/20… two reasons not to expect a surge of foreclosures this fall

After the big jump in showings last week following the July 4th holiday, showings continued to be strong this week, at 17.9% over the same time last year. New listings...
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Real estate market update 7/17/20… mortgage rates fell below 3% for the first time in 50 years

As expected, showings popped up again after the July 4th holiday… as did new and pending listings. The average US mortgage rate fell to 2.98% this week, down from 3.30%...
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June 2020 real estate market update… months supply of inventory of houses falls 37.9% as condo supply increases 26.1%

The effects of the shutdowns due to the coronavirus continue to trickle forward… remember, there is typically a 3-6 week period where buyers are seriously looking at homes before securing...
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Real estate market update 7/10/2020… housing affordability index is high

As expected, real estate market activity dropped over the July 4th holiday. This year followed the same trend as last year. Buyers are taking advantage of the highest affordability since...
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Market update 6/26/2020… homebuyers are in the mood to buy today

If you talk to someone searching to buy a home right now they are likely to tell you it feels like running a race! Buyer demand is pent up after...
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Real estate market update June 19, 2020… showings up 11.3% over last year, is the economic recovery underway?

Showings really shot up this week… it feels like spring market as we move into summer! Weekly new and pending listings continue a steady climb, but buyers are feeling the...
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Sharon and John Hensrud

About Us

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.