COVID-19 Updates & Resources CLICK HERE
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...
Median sales price of a home climbs as inventory increases MINNEAPOLIS (June 10, 2022) — The supply of homes coming on the market rose in May, with new listings up 3.6% compared to a year ago. Across the state, there were 10,408 homes for sale, a 4.8% rise over May 2021. Even so, closed...
Days on the market shorten as the median price rises on limited inventory MINNEAPOLIS (November 10, 2021) — October closed sales dropped 16.2% compared to the previous October, marking a return to a more typical seasonal slow down across Minnesota. This shift was reflected in the number of...
Buyers still chasing limited number of affordable homes MINNEAPOLIS (October 13, 2021) — As the fall season arrived, September closed sales of residential homes in Minnesota declined 8.4% compared to last year. Correspondingly, new listings fell 8.5% over last year and pending sales were...
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...