Market

Houses are more affordable these days

It's hard to escape all the bad news about the real estate market… it seems like nearly everyone I encounter asks me about it. News this week talked about sellers...
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July Market Update

Closed sales took a plunge in July… no surprise because it closely mirrors the pending sales plunge in May following the end of the homebuyer tax credit. Pending sales usually become closed sales...
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Market Update – median sale price continues up, pending sales down

Median sale price continued its steady march upward in June to $182,000, to the highest median sale price in nearly two years. It is a welcome relief to see median prices...
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Minneapolis ‘shadow inventory’ appears to have passed peak

There has been a lot of speculation about the potential impact of coming 'shadow inventory' on the real estate market… that is, homes that are 90 days delinquent, in foreclosure, bank...
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Twin Cities Real Estate Market Update – May new listings drop, median price continues upward trend

If my current contact with buyers and sellers is any indication, I can feel a more 'normal' market beginning to emerge. It seems traditional buyers and sellers who have been...
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Twin Cities Real Estate Market Update – April median sale price up for 4th month in a row

Median sale price went up again last month for the fourth month in a row for the first time in nearly six years… last time was June 2004. At 11% over...
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Foreclosure Piece of Market Pie Continues to Shrink

I find it exciting that not only are traditional sales up significantly compared to last year at this time, they are also up compared to two years ago! According to the most...
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Twin Cities Market Update – March new listings up 27% year-over-year

While median sale price climbed for the third month in a row, its 7.1% increase over last year is overshadowed by the 27% increase in new listings. How much of...
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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.