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October 17, 2019 | Tags: Market DataMarket ResearchPress Releases Sales, prices still rising despite some changes this year The latest numbers for Twin Cities residential real estate show a stable market with some ongoing signs of transition. Prices are still rising, supply is still tight, and demand has recovered even while market times have lengthened. Even though more buyers are closing on homes, the urgency has subsided somewhat. Days on market rose 2.4… Read More
October 15, 2019 | Tags: Market DataNews from NARPress Releases New report shows proximity to public transit increases property values in the Twin Cities Property located within a half mile of Minneapolis-St. Paul’s public transit systems is worth 4% more than similar properties not in close proximity to public transportation, according to a joint report released today by the National Association of REALTORS® (NAR) and the American Public Transportation Association (APTA). The report found these higher property values are… Read More
September 18, 2019 | Tags: Market DataMarket ResearchPress Releases Things still feeling pretty stable out there, thanks for asking With two-thirds of the year in the books, we’re getting a clearer picture of where the housing market stands. The latest numbers for Twin Cities residential real estate show stability along with signs of deceleration. The median sales price continued to rise, landing at $286,800 for the month. Pending sales—a measure of signed contracts and… Read More
August 19, 2019 | Tags: Market DataPress Releases Inventory and Interest Rates Likely Driving Sales Growth The current economic expansion recently became the longest on record, but it’s showing its age. Concerns around slowing growth have spiked amidst new economic data and gyrations in equity markets, but it’s also created opportunities for home buyers. The upside is that mortgage rates have fallen yet again as investors flock to the safety of… Read More
July 18, 2019 | Tags: Market DataMarket ResearchPress Releases Some mixed signals but market fundamentals remain intact In the face of mixed signals, assessing market health can be a challenge. The economy remains healthy, mortgage rates are outrageously low and yet sales aren’t rising. That’s in part because we simply haven’t built enough homes to keep pace with the demand. Despite attractive mortgage rates, the supply of available homes is so tight… Read More
June 18, 2019 | Tags: Market DataPress Releases Early 2019 Weakness Proving Temporary; Market Back On Track There have been two disruptions to the housing market over the last nine months, but their effects are proving short-lived. First, a sudden increase in interest rates in late 2018 weighed on December and January sales activity. Second, record snow and the subsequent melt in February and March of this year weighed on sales activity… Read More
May 22, 2019 | Tags: Market DataMarket ResearchPress Releases Prices rising, pending sales stable amidst market rebalancing Gardeners aren’t the only ones struggling with spring weather this year. The season’s late start and temperature swings suppressed housing market activity early this year, but those effects are moderating. The latest numbers for Twin Cities residential real estate show some strength amidst ongoing signs of change. Prices reached a new record of $281,000. New listings… Read More
April 18, 2019 | Tags: Government AffairsMarket DataPress Releases Buyer and seller activity down; weather partly to blame If February was the month of record snowfall, March was the month of record wet basements. The effects of extreme weather continue to impact the market. Despite that, the latest numbers for Twin Cities residential real estate show some strength amidst ongoing signs of change. Prices continued to climb, reaching a new record. New listings… Read More
April 15, 2019 | Tags: Press Releases Minneapolis Area REALTORS® selects Carrie Chang as new CEO The Minneapolis Area REALTORS® (MAR) Board of Directors has appointed Carrie Chang as the Chief Executive Officer, the ninth leader in the association’s history. She is the first woman and the first person of color in this role at the association. Carrie is a leader with vision and passion for our local community who joins… Read More
March 19, 2019 | Tags: Market DataPress Releases Extreme February Weather Leaves Dent on Residential Market Stats Winter sports enthusiasts likely enjoyed the snowiest February on record more than those attempting to buy and sell homes. Even so, the latest numbers for Twin Cities residential real estate show some strength amidst ongoing signs of change. Sellers showed a sizeable, weather-related decline in listing activity, while buyers entered into fewer contracts than last… Read More