The Skinny Blog

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While many–though not all–cities around the metro have seen all-time high median sales prices, the first and second-ring suburbs near Minneapolis and major job centers stand out. Check out the median home price for these Minneapolis suburbs. But when we account for the fact that bigger homes are selling (both from new construction and finishing
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Filed Under: Blog ,Insight ,Market Research ,Research ,Stats

Given the fact that the school year is about a month away (yikes) and we’ve already had our first preview of fall weather, it feels like a good time to talk about seasonality. First of all, whatever you do, don’t use the term “seasonably adjusted.” Second of all, don’t make matters worse by talking about
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Filed Under: Blog ,Market Research ,Research ,Stats

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

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

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

We have all heard the saying “everything eventually reverts to the mean.” No? Fair enough. There’s a saying that goes “everything eventually reverts to the mean.” It’s a way of expressing that, over a sufficient time period, a data set can only remain above or below its long-term trend for so long, but eventually should
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Filed Under: Research ,Stats

Right around the time when second-hand shops receive an influx of donated exercise equipment, we get our first glimpse of the year at our local housing market. Overall, it was a healthy and balanced start to the new year. New listings rose 3.1 percent to 4,304, ”the second strongest gain in nearly a year. Pending
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Filed Under: Blog ,Stats

With regional institutions like Psycho Suzi’s, Gasthof’s and Jax Café, you’ve probably visited the Bottineau Neighborhood in Northeast Minneapolis without even knowing it. Several (five!) brew pubs have made the neighborhood home; Indeed and Dangerous Man are perhaps the most notable. The neighborhood spans from 17th Ave. NE up to NE Lowry Ave. and from
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Filed Under: Pick of the Week ,Research ,Stats

                  As these two vintage prints suggest, White Bear Lake is one cool place to be. Serving as the backdrop in F. Scott Fitzgerald’s Winter Dreams surely didn’t hurt that image. But the cool factor didn’t stop there. When the heat was on, several prominent Prohibition Era
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Filed Under: Pick of the Week ,Research ,Stats

        Around this time every year, millions of people go to the State Fair in Falcon Heights. Whether you go for the music, food, people-watching or maybe you’re one of those reluctant attendees there with your children or supervisor, the Great Minnesota Get Together has something for everyone. If you’re not one
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Filed Under: Blog ,Pick of the Week ,Research ,Stats

            Lovingly referred to as “Frogtown” by some, Thomas-Dale is a central St. Paul neighborhood just northwest of downtown. It lies north of I-94 and west of I-35E. The neighborhood is served by the Green Line train. This area is home to the vibrant Hmong community and there are many
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Filed Under: Pick of the Week ,Research ,Stats