Market

December 2015 Market Update… supply of homes for sale bottoms out!

2015 was a booming year for real estate, with housing demand reaching a 10-year high. Unfortunately, new listings aren't keeping up with demand and supply took a nose dive in...
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November Market Stats… still a tale of inventory

Interesting… residential real estate is having one of its best years since 2005,… and the federal reserve is raising rates for the first time since 2006… is there a correlation?...
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October 2015 Market Update… prices stay strong, sales same as last year

October closed sales were virtually the same as last year… 4,633 in 2015 vs 4,4632 in 2014! New listings were only 2.6% behind last year… …but October 2015 total homes...
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September 2015 Market Update… fewer listings, fewer days on market

Stats for September 2015 show what buyers have been feeling… new September listings were 6.9% below last year, a sharp contrast from 23.2% above last year in February. 2015 sales...
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August 2015 Real Estate Update… median price shows steady growth

At $224,900, August 2015 median sales price was up 2.7% over last year. Looking at the chart below from the Minneapolis Area Association of Realtors you can clearly see how...
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Minnesota one of the lowest states for foreclosures

In case you have been wondering why housing prices have been going up, the infographic below from Keeping Current Matters clearly illustrates one of the forces at play. Nationwide, foreclosure...
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July 2015 Real Estate Update… days on market at record lows

If it seems like SOLD signs go up almost as soon as the FOR SALE sign goes up you aren't far from the truth. Days On Market are at record...
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June 2015 Real Estate Update… traditional home sales soar

You may have read in the media that June 2015 pending and closed sales were the highest they have been in 10 years… that's why we have been so busy!...
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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.