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Lack of inventory stalls transactions in a competitive market MINNEAPOLIS (September 14, 2021) — In a sign that the heated summer sales season is cooling, closed sales of residential homes in Minnesota declined 3.0% compared to August 2020. New listings dropped 3.8% over last year. Despite...
New listings and closed sales fall MINNEAPOLIS (August 12, 2021) — Demand continued to outpace the available housing supply in July as new listings declined -0.2% and closed sales fell -8.7% compared to 2020. As buyers chased scarce inventory with multiple offers, the median sales price...
Trends revealed in first six months of statewide data MINNEAPOLIS – July 26 , 2021 – The housing market was defined by three things during the first half of 2021 according to Minnesota Realtors (MNR). The group representing 22,000 Realtors across Minnesota is releasing data today from...
As closed sales rise and inventory shrinks, new listings can’t keep pace Competition for scarce housing stock defined Minnesota’s real estate market in June, pushing the median sales price to $325,000, up 18.9% above June 2020, according to Minnesota Realtors ® (MNR), the membership...
New listings falling short of market demand The Minnesota real estate market stayed strong with closed sales up +14.5% over last May, and pending sales increasing by +9.4% . However, demand continued to squeeze available inventory as new listings only inched above last May’s levels at +0.2%....
Rise in new listings can’t match demand and plummeting supply MINNEAPOLIS (May 11, 2021) — Closed sales were up +10.9% over last April as pending sales soared +32.0%, and new listings surged +18.2%, according to Minnesota Realtors ® (MNR), the membership organization supporting all 22...
New listings drop as housing supply continues to shrink MINNEAPOLIS (April 12, 2021) — In March, the shortage of affordable housing continued to squeeze a heated market driven by rising buyer demand, according to Minnesota Realtors ® (MNR), the membership organization supporting all 22...
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...
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, according to Minnesota Realtors ® (MNR), the...
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...