MAR has suspended in-person classes, meetings and events through June 30, 2020. Current MAR office hours: VIRTUAL (phone, email) 8:00 a.m. – 4:30 p.m. Monday – Friday, PHYSICAL (in-person) 9:00 a.m. – 1:00 p.m. Thursdays only.

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May 22, 2020 | Tags: Market DataPress Releases Record high showings the bright spot in April housing numbers Buyer interest remains strong amid decline in listings and pending sales (May 21, 2020) – According to new data from the Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, both buyer and seller activity was down in April, but the number of residential showings has reached a new high for the year.… Read More
April 29, 2020 | Tags: AnnouncementsCommunityMarket DataPress ReleasesWeekly Market Activity Reports Media Contacts and Resource Media Inquiries Telly Mamayek, VP of Communications and Engagement O: 952.988.3138  C: 952.594.5672 TellyM@mplsrealtor.com Market Data David Arbit, Director of Research and Economics 952.988.3150 DavidA@mplsrealtor.com Logos and Usage Guidelines REALTOR® Logo REALTOR® Logo Guidelines Minneapolis Area REALTORS® Logo Minneapolis Area REALTORS® Style Guide     Read More
April 17, 2020 | Tags: Market DataPress Releases A silver lining: Some early signs of turnaround in showings Twin Cities home buyer activity is recovering amid safe REALTOR® practices (April 17, 2020) – According to new data from the Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, the number of Twin Cities residential real estate showings displayed the first signs of a turnaround since they began declining during the onset… Read More
March 20, 2020 | Tags: Market DataPress Releases Showings decline in Twin Cities amid coronavirus concerns New data reveals fewer residential showings across most price ranges (March 19, 2020) – According to new data from the Saint Paul Area Association of REALTORS® and the Minneapolis Area REALTORS®, the number of Twin Cities residential real estate showings declined in most price ranges during the week ending March 17 compared to the previous… Read More
February 22, 2020 | Tags: Market DataPress Releases Favorable rates and weather spur home buying in Twin Cities Latest housing report also shows falling inventory and rising prices According to the latest housing report from the Minneapolis Area REALTORS® and the Saint Paul Association of REALTORS®, Twin Cities residential real estate started 2020 on solid but still uneven footing. Buyers were eager to ignite the spring market early, spurred by incredibly low mortgage… Read More
February 6, 2020 | Tags: Market DataPress Releases Despite tight market Twin Cities real estate activity up in 2019 The Twin Cities housing market continued to show steady growth in 2019 according to the annual market wrap-up from the Minneapolis Area REALTORS® and the St. Paul Area Association of REALTORS®. At a joint news conference in St. Paul, the associations announced a growing economy, favorable rates and a persistent scarcity of homes for sale… Read More
November 19, 2019 | Tags: Market DataPress Releases Listings, Sales, Prices: All Rise The Twin Cities real estate market started the fourth quarter of 2019 on a strong note with buyer and seller activity rising in October compared to 2018. Buoyed by historically low interest rates, the number of new listings and pending sales rose last month and the median price of a home also increased. New listings… Read More
October 17, 2019 | Tags: Market DataPress 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: Government AffairsMarket DataPress 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 DataPress 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 DataPress 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 DataPress 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