Market

Market Update – March Stats

According to March statistics released by the Minneapolis Area Association of Realtors last week, March closed sales were up 14.3% over last year. Pending sales were up even more…a whopping 21.3% over last...
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Market Update – February Stats

In reviewing the February data released this month by the Minneapolis Area Association of Realtors, it seems like February was an eery re-run of January. Although up a tiny bit, total...
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House vs Townhome vs Condo – Historical Market Overview

NOTE: see Months Supply of Inventory by property type in monthly Market Updates for current comparative information When I start to work with first-time home buyers I am frequently asked whether...
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Market Update – January Stats

There has been a lot of data released lately, as 2008 summary statistics are compiled. See Average 2006-2008 Minneapolis-St. Paul Sale Price and Percent Foreclosures by MLS Area for some interesting...
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Average 2006-2008 Minneapolis-St. Paul Sale Price and Percent Foreclosures by MLS Area

Average housing prices in the Minneapolis-St. Paul metropolitan area dropped an average of 13.8% in 2008…but the market is local and there can be big differences from community to community even within...
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Is the log jam loosening?

For some time I have had this image of a giant log jam building…homes for sale piling up…sellers waiting to sell…buyers waiting for indicators that it was time to buy....
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4th Quarter Foreclosure & Short Sale Market Update

What I think may be most telling of what is happening in the current market is the chart below released by the Minneapolis Area Association of Realtors in their recent quarterly...
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Market Update – December Stats

You may have seen the front page article in the StarTribune yesterday that showed that according to statistics released this week nearly one-third of all Twin Cities area home sales in...
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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.