The Skinny Blog

News Release

The Minneapolis City Council approved a provision designed to preserve affordable rental housing. Provisions amending title 12 chapter 244 of the Minneapolis Code of Ordinances referred to as Advance Notice of Sale requires the owners of certain multifamily properties to give the city a 60-day notice prior to making an ‘Affordable Housing Building’ available for
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Filed Under: Community ,News Release ,Politics

More sellers may finally be jumping into the market at a time when buyers are facing the challenges of low inventory. Since 2013, new listing activity has been subdued relative to buyer activity and hasn’t surpassed 9,000 new listings per month since 2010. Excluding 2010, we haven’t had this many new listings for any month
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Filed Under: Blog ,News Release ,Stats

The big story of 2017 was threefold: the median sales price reached an all-time high; closed sales reached a 12-year high; and inventory levels reached a 15-year low. Sales nearly broke their all-time record, but fell just 12 units short of their all-time 2004 high. In January 2018, new listings posted a year-over-year decline for
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Filed Under: Blog ,News Release ,Stats

Minneapolis, Minnesota (November 15, 2017) – The Twin Cities housing market is holding steady after both sales and prices reached record highs this year. In October, new listings were up 3.1 percent compared to last October but are on-track for a 2.0 percent decline for the year. Pending sales rose 3.9 percent for the month
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Filed Under: News Release ,Stats

The red-hot Twin Cities housing market is starting to cool off just a bit. While June 2017 marked an all-time record for Twin Cities home sales and prices, purchase demand declined from last year for a third consecutive month. New listings decreased 5.2 percent from September 2016 to 6,472, and pending sales dipped 1.7 percent.
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Filed Under: Blog ,Market Research ,News Release

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

Compared to April 2016, new listings in the Twin Cities declined 8.3 percent while pending sales decreased 8.5 percent. Given that there were about 20.0 percent fewer homes for sale, a modest decrease in signed purchase agreements compared to last year reflects a shortage of listings and not necessarily declining demand. Days on market is
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Filed Under: News Release ,Stats

In June, for a fourth month in a row, homeowners in the 13-county Minneapolis-St. Paul metropolitan area listed more properties for sale than the same month the year prior. New listings rose 8.9 percent to 8,315 homes. That’s uptempo music to the ears of buyers eager to find a property that suits their needs. Pending
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Filed Under: Blog ,News Release

House hunters in the 13-county Twin Cities metropolitan area are finally getting more to choose from. Inventory levels were up 6.1 percent to 16,368 homes for sale in May 2014. This comes as new listings were up 3.0 percent to 8,572 and pending sales were down 9.0 percent to 5,260. Even though overall buyer demand
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Filed Under: Blog ,News Release