Buyers gain bargaining power as homes sit on market longer MINNEAPOLIS (November 10, 2022) — As the selling season slowed in October, closed sales slipped almost 31% compared to a year ago. New listings also decreased, falling 19% below last year with 6,883 properties coming on the...
Properties sitting longer as interest rates rise; bidding wars ease MINNEAPOLIS (October 12, 2022) — In September, a cooling trend continued as closed sales were down 18.2% compared to a year ago. New listings also decreased, slipping 17% below last year with 8,384 properties coming on the...
Interest rates and inflation give buyers pause MINNEAPOLIS (September 13, 2022) — In August, closed sales were down 17% compared to a year ago, with 8,256 transactions across the state. New listings followed the cooling trend, falling 17.9% compared to last August even as the total number...
New listings down as total number of homes for sale increases MINNEAPOLIS (August 15, 2022) — In July, closed sales fell 19.2% compared to a year ago, with 7,904 transactions across the state. New listings were also significantly down, declining 14.2% compared to July 2021, although the...
Median sales price climbs and number of overall homes for sale rises MINNEAPOLIS (July 15, 2022) — In June, closed sales of homes declined by nearly 14% compared to a year ago, with a total of 9,208 properties sold across the state. New listings were down 6.4% year-over-year even as the...
Homes for sale down. Pending sales flat for first time since May 2020 MINNEAPOLIS (March 10, 2021) — Demand remained high in the Minnesota housing market in February as homebuyers competed with multiple offers for diminishing housing stock. Closed sales were up +5.8% over last year, but...
Pending sales remain up but soften to single digits. New listings decline. The Minnesota housing market remained strong in January, with year-over-year closed sales up +16.2% and pending home sales up +5.2%, according to Minnesota Realtors ® (MNR), the membership organization supporting all...
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