Market

When is the best time to find foreclosure listings?

A client recently asked me where all the foreclosure listings have gone. If you look at the chart below, you can see that in 2009 and 2011 there were months...
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What home price ranges have increased in value the most?

The latest home sales report from the National Association of Realtors puts the median existing-home price at an annual increase of 5.6%. CoreLogic revealed that national home prices have increased...
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5 reasons this fall is a good time to list your home for sale

1. Demand Is Strong The latest data released by the Minneapolis Area Association of Realtors shows buyer demand is still strong and conditions are favorable for sellers… with only a...
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August 2017 real estate market update… foreclosures just 2.1% of sales

The total number of homes for sale in the Twin Cities real estate market continues to hang below previous years, with August 2017 falling 16.7% below August 2016. As dramatic...
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July 2017 real estate market update…national inventory lowest in 30 years

Inventory levels continue to drop compared to past years, with July 2017 19.4% below July 2016. But as you can see from the chart above this isn’t the first year...
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How long do families usually stay in their homes?

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family...
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10 reasons there is a shortage of homes for sale in Minneapolis, MN

People are staying in their homes longer – in 2008, people bought and sold after staying in their homes an average of 6 years… in 2016 it was 10 years...
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June 2017 real estate market update… inventory levels highest since last October

Twin Cities real estate market data is in for June 2017 and it shows the steady rise of homes available for sale into mid summer that is typical in any...
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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.