In April, closed sales declined in 12 of all 13 regions compared to a year ago, bringing Minnesota’s average number of closed home sales down 30.9% year over year. Increases were reported in Northwest at 34.8%. The smallest declines were seen in North Central at 21.1%, Southeast at 23.8%, and South Central at 25.4%. The largest declines were reported in Upper MN Valley at 37.5%, Southwest Central at 41.9%, and Arrowhead at 43.0%. See the chart below for more details comparing closed home sales for April 2023 to April 2022.
The seven-county Twin Cities region comprises Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington counties. The official Minneapolis-St. Paul-Bloomington metropolitan statistical area recognized by the Census Bureau consists of 16 counties, on which MAR & SPAAR local associations report.
About Minnesota Realtors®
Minnesota Realtors® (MNR) is the membership organization supporting all 22,000 Realtors® in the state of Minnesota. MNR is dedicated to helping Realtors® succeed in providing comprehensive and informed guidance to their customers seeking to buy or sell a home. MNR provides Realtors® with a code of ethics, continuing education, real estate transaction forms, legal services and dispute resolution, as well as lobbying and advocating for homeownership rights and the real estate industry. MNR works in partnership with the National Association of Realtors, as well as more than 15 affiliate regional associations within Minnesota. MNR is a non-profit organization founded in 1919, with headquarters in Minnetonka, Minnesota, and a branch office in St. Paul, Minnesota. Find us at www.mnrealtor.com and follow us on Facebook, Instagram, Twitter and LinkedIn.