Market

US Housing Market Filled With ‘Wait-and-See’ Home Buyers

Nationally, pending sales dropped to the lowest level on record in July 2024… but pent-up buyer demand could be waiting for opportunities to open up. The National Association of REALTORS®’...
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July 2024 real estate market update… sales steady the last 3 months

In July 2024 new listings increased 7.2% over last year, while pending sales decreased 4.2% and closed sales increased 1.2%. What I find interesting is 2024 closed sales have remained...
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Weekly real estate market update 8/9/24… mortgage rates lowest in more than a year

Real estate showing activity is on its regular downward slide through the dog days of summer… slowing down, but on a track similar to past years. New and coming soon...
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Weekly real estate market update 8/2/24… more interest in multi-generational homes

Welcome to the Dog Days of Summer… and the doldrums of the real estate market. There isn’t much happening in the real estate market… except holding fairly steady, which could...
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Weekly real estate update 7/26/24… determining if you are ready to buy a home

The real estate market has settled into midsummer… new and coming soon listings are steady, while price reductions, multiple offers, and pending sales are increasing. Property showings are lackluster, on...
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June 2024 real estate market update… average sale price holds steady at 100.1% of list price

Although real estate activity slowed down somewhat in June 2024 average sale price held steady with June 2024 at 100.1% and tied with May 2023. Competition sale prices peaked in...
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Weekly real estate market update 7/19/24… fixing up your home can make a difference

Showing activity is eerily on the same track as 2021… below 2020 and 2023 but ahead of 2022. Bottom line is, you don’t need 20 showings and 12 offers to...
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Weekly real estate market update 7/12/24… why asking price matters more than ever right now

The market is getting back into gear after the July 4th holiday. It makes me smile how new and coming soon listings flip flop at holiday times. What strikes me...
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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.