Buyers take advantage of increased negotiating power MINNEAPOLIS (March 10, 2023) — With closed sales down more than 22% compared to February 2022 , higher interest rates continued making homebuyers wary. Following an encouraging descent to just over 6% in...
Mortgages look more attractive, but buyers remain wary MINNEAPOLIS ( February 10 , 202 3 ) — The housing market continued to normalize as closed sales for January declined 33% compared to the cooling, though still robust market of a year ago. New...
Chris Galler, Minnesota Realtors CEO for the past 15 years, is retiring. “I’ve had one goal from day one: to leave the organization in better condition than I found it,” Galler says. During his tenure, Galler led many initiatives including: Creating a Risk Management...
MINNEAPOLIS (Jan. 31, 2023) — Minnesota Realtors® announces that Josh McFall, CAE, RCE will take over as CEO on March 1, as longtime leader Chris Galler retires. McFall comes from Huntsville, AL, where he served as CEO of the Huntsville Area Association of Realtors and ValleyMLS.com since...
Alliance continues current member benefit of Transactions (TransactionDesk Edition) and adds new access to Transactions (zipForm Edition) DALLAS, TX and CAMBRIDGE, ON (December 19, 2022) — In collaboration with Lone Wolf Technologies (“Lone Wolf”), Minnesota Realtors® has announced an...
Higher interest rates create hesitancy in buyers and sellers MINNEAPOLIS (December 12, 2022) — The cooling trend in Minnesota’s housing market continued in November as closed sales fell 35.3% statewide compared to a year ago. New listings were down 17 % below last year with 4,735 ...
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...