The Skinny Blog


 

Despite the decelerating gains in buyer activity, June 2017 was a new record high for home sales in the Twin Cities. Compared to last June, closed sales in the metro rose 2.2 percent to reach a new high of 7,430 units. Meanwhile, pending sales only showed a 0.2 percent gain and new listings fell 0.5
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Filed Under: News Release ,Stats

For those in the LGBTQ community, the month of June is traditionally a time for reflection and celebration of the progress made–from the days of the Stonewall Riots to the legalization of gay marriage–there is a lot to be thankful for. Progress is happening with cities around the world hosting festivals drawing millions from all
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Filed Under: Blog ,Community

Have you ever been asked “How do taxes compare between Minneapolis and Edina?” Odds are if you’re reading this, there’s a good chance you’ve been asked that. And if not, you could be next! To help answer that question, we’ve created a table that compares the median sales prices in both cities along with the median
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Filed Under: Market Research ,Policy ,Research ,Stats

As the shortage of residential property listings persists, many observers are rightly examining recent new construction trends. We’d like to get in on that. Using exclusively NorthstarMLS data, this analysis only looks at listings with a “year built” field of 2016 or later. However, the closed sales count only uses 2017YTD activity and inventory is always
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Filed Under: Blog ,Market Research ,Research ,Stats

  Over the weekend, the real estate community lost a prominent industry leader. Jim Stanton leaves his real estate footprint throughout the Twin Cities on over 6,000 home sites in 28 cities in Minnesota and Western Wisconsin. “Jim Stanton always had his eye on the next project whether it be development or industry advocacy efforts.
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Filed Under: Blog

Compared to May 2016, new listings in the Twin Cities inched up 0.7 percent while closed sales fell 1.1 percent. Given that there were 17.3 percent fewer homes on the market compared to last May, it’s clear that buyers remain motivated. Declining foreclosure and short sale activity can contribute to market-wide declines. For example, traditional
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Filed Under: Blog