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March 14, 2016 | Tags: February News Release Buyer and Seller Activity Increase as Spring Market and Warm Weather ArriveFebruary Pending sales rose 6.7 percent while new listings increased 3.0 percent. The all-too-familiar supply crunch continued as inventory levels fell 19.4 percent to 10,953 active properties. Prices continued their steady climb back towards 2006 levels. The median sales price gained a sustainable 3.7… Read More
February 29, 2016 | Tags: POTW | Prior Lake       Keep heading south on the upgraded State Highway 13 past Savage and you'll soon find yourself in lovely Prior Lake. Home to about 25,000 people, Prior Lake is situated in rapidly-growing Scott County in an area some call "South of the River." This community is just a 25 mile (30 min) drive to downtown Minneapolis.Based on the market-wide median sales price, it… Read More
February 12, 2016 | Tags: Get to Know President Judy Shields  Get to Know 2016 MAAR President, Judy Shields Judy was recently inducted as the 2016 MAAR President. She is excited to be president and is ready to represent the real estate community and govern the association. We wanted everyone to get a chance to get to know Judy a little better so we set up an interview… Read More
February 12, 2016 | Tags: January Real Estate Stats Release List Prices Reach New Record High as Buyer Activity Remains StrongThe year got off to a mostly strong start with buyer activity and home prices rising even though seller activity was lackluster. Pending sales rose 3.5 percent to 3,033 signed contracts; new listings decreased 7.2 percent to 4,167 homes. In light of that, it’s no… Read More
January 25, 2016 | Tags: POTW | Ericsson Neighborhood Ericsson lies in the northeastern quadrant of the Nokomis Community. The majority of Minnehaha Creek between the falls and the western edge of Hiawatha Golf Course meanders through the Ericsson Neighborhood. The area is close to major regional parks such as Minnehaha, Hiawatha and Nokomis. It is well-served by light rail with easy access to… Read More
January 20, 2016 | Tags: 2015 Annual Wrap-Up Twin Cities Housing Market Has Most Closed Sales Since 2005At a press conference today, REALTOR® associations reported that the Twin Cities Metropolitan Area had the best year in terms of the number of closed sales since 2005. Closed sales finished 2015 13.7% better than 2014, boasting 56,390 compared to 49,604 in 2014.The median sales price… Read More