Spring market is in full swing, thanks to higher sales and more listings New listings up 7 . 3 % ; pending sales rose 1 1 . 0 % The median sales price increased 4 . 7 % to $3 35 , 0 0 0 The average market time was...
Buyers finding more choices amid ongoing signs of recovery New listings up 34 . 8 % ; pending sales rose 12 . 6 % The median sales price increased 4 . 4 % to $3 29 , 0 0 0 Closed sales up 11.5% to 3,586 ( Mar . 1 8 , 202 4...
Year off to promising start with gains in listings and sales New listings up 17 . 9 % ; pending sales rose 7 . 7% Closed sales up 7.9% , marking first YOY increase since June 2021 The median sales price increased 3 . 0 % to $3 15 , 0 0 ...
In 2023, h igh er interest rates continued to weigh on market activit y , yet prices are s till up 2 3 -year high mortgage rates and rising prices increased monthly housing costs and slowed buyer activity Minneapolis –Saint Paul ,...
MINNEAPOLIS , Jan . 16, 2023 — The 2023 housing market closed the year on a high note , as mortgage rates dropped below 7% in late December and new listings rose by 12 % , the third consecutive month of in cre a ses . As of this week, 30-year fixed...
With a shared commitment to providing the tools and information Realtors ® need to successfully run their businesses and optimize the ways they serve consumers, NorthstarMLS ® and Minnesota Realtors® (MNR) are pleased to offer RealEstateNews.com to industry professionals who...
MINNEAPOLIS ( August 1 5 , 202 3 ) — As the Minnesota selling season cooled, competition for homes remained warm in some areas of the state . In July, closed sales fell statewide by 19% over the same period last year, with 6, 487 transactions . New...
In this episode of the Minnesota Homeownership Center's Welcome Home podcast, MNR Senior Vice President of Governmental Affairs Paul Eger joined representatives from the Center, Twin Cities Habitat for Humanity and Minnesota Realtors® to discuss the 2023 state legislative session, and the $100...
Total number of homes for sale increases during slow start to sales season MINNEAPOLIS ( May 17 , 2023) — Although the weather was warming, sales activity across the state iced over as closed sales dropped almost 31% compared to April 2022. Other key market...
MINNEAPOLIS (May 17, 2023) During the week of May 8, the Minnesota House and Senate passed the “First-Generation Homebuyers Down Payment Assistance Fund” program, which was included in the final version of the omnibus housing finance bill (HF 2335). On Monday, May 15, Governor Walz signed HF...