Updates

Overall showings dipped 13 . 5 % across the NorthstarMLS coverage area. This dip can mostly be attributed to the timing difference of when Thanksgiving fell on the calendar last year versus this year. The holiday was later this year, meaning activity had recovered last ...

Teens enter the program to learn skills for construction trades. Along the way, they gain self-discipline, respect for others, and a passion for excellence . For too many kids growing up in Minneapolis, life beyond high school does not hold a lot of promise. After graduation, the ...

Overall showings rocketed 27.1% higher across the NorthstarMLS coverage area. A full eight out of nine price ranges saw more showings compared to the same week in 2023. Homes priced in the $400-500K range had the strongest gain in activity followed by the $1M+ range , and then the $500K-600K range. ...

Despite rates stubbornly sticking around 7.0%, buyers once again showed resilience , schedul ing even more showings than the same week last year. Overall showings rose 8.6% across the NorthstarMLS coverage area. Seven out of nine price ranges saw gains in showings compared to the ...

Sizable gains in listings and sales despite rate environment S igned purchase agreements were up 1 0 . 4 % statewide, and new listings were up 9 . 1 % The median sales price increased 5 . 3 % to $3 47,5 00 Market times rose 1 0 . 5 % to ...

Small homes are providing shelter, stability, and a new start for homeless veterans. Could they help end the wider problem of homelessness, and affordable housing in Minnesota? They served their country. Many saw combat in Vietnam, Iraq, and Afghanistan. More than a few were ...

Last week , showings were up 10.8% across the NorthstarMLS coverage area. Eight out of nine price ranges saw gains in showings compared to the same week in 2023. Homes priced over $600K had the strongest gains in activity. Homes priced bet ween $300-400K made up about 28.0% of all showings ...

We’re thrilled to recognize our MNR members appointed to serve on the National Association of Realtors ’ ® (NAR) 2025 Committees. This involvement highlights their dedication to driving progress in our industry and representing Minnesota on a national level ...

For the week ending on October 27 , showings were up 1 5 . 5 % across the NorthstarMLS coverage area. The gains were more widespread this time, with showing activity up on listings priced anywhere from $200 K up to luxury homes over $1M. Still, homes between $300-400 ...

Bringing the Outdoors In: Home Color Trends for Fall Autumn is well-loved for its stunning colors. As summer drifts into fall and the leaves turn from green to gold, bring the beauty of the season indoors with a fresh , yet cozy, palette. Season-inspired colors can infuse your home ...

Rising taxes and maintenance expenses are tightening consumers’ belts, but the price of insurance is breaking the bank Housing prices are up. Inventory is down , though it’s improved in recent months . And prospective homebuyers are hustling harder than ever to obtain their ...

In early July, Phillip Ward became the first member of his family to purchase a home of his own , utilizing funds from one of the two new programs enacted by the Legislature in 2023 to assist first-generation homebuyers . One program , the First-Generation Homebuyer Loan ...

For the week ending on October 20, 2024, showings were up 1.4% across the NorthstarMLS coverage area. But the increase wasn’t evenly spread across price points. The $1M+ range saw 33.1% more showings while listings under $300K all had less showing activity. New listings in the metro have ...

Affordability inches up alongside inventory while sales stabilize Statewide, s igned purchase agreements were down 0 . 5 % and new listings were up 4 . 4% The median sales price increased 6 . 1 % to $3 5 0 , 00 0 Market times rose 18 . 2 ...

Nationally, pending sales edged up 0.6% in August according to NAR. This reflects a mix of lower mortgage rates and pent-up demand, trends that will likely appear in our official September numbers. It’s worth a reminder that pending sales are always a leading indicator of future closings. So ...

Five days a week, 52 weeks a year, MNR’s Legal Hotline attorneys provide brokers with insights into myriad legal questions. Inevitably, certain issues dominate the conversations. In 2024, these five questions were most frequently aired by the association’s broker members. ...

Minnesota Realtors® (MNR) is excited to announce the hiring of Brian Overton as the new Director of Information Technology. With over a decade of experience as a systems administrator, Brian brings a wealth of expertise to this pivotal role, helping MNR harness technology to enhance innovatio ...

Minnesota Realtors® (MNR) is excited to announce the appointment of David Arbit as Director of Research . In his new role, David will oversee statewide market data research , expanding his focus from his previous position at the Minneapolis Area Realtors® (MAR) to encompass broader ...

Market activity down as buyers anticipate lower rates New listings down 4 . 8 % ; pending sales fell 10.2% The median sales price increased 1 . 7 % to $352,000 The average market time rose 18 . 8 % t o 38 days on market ( Sep . ...

Seth Conover has been named Minnesota Realtors® new Director of Communications . Seth has been with the organization since 20 22 , when he was hired as a Marketing & Communications Specialist . Seth bring s extensive experience in marketin g and communications strategy ...