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Minneapolis Housing Market Update Feb 2019

Minneapolis Housing Market Update

Minneapolis Housing Market Update – February 2019 Edition Minneapolis has concluded its 2018 winter housing market season (December through February) and is ready to start the 2019 Spring housing market, record snow and temperatures notwithstanding, of course! First, we’re going to delve into some of the basic market statistics for Minneapolis here today. Then, I’ll…

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A mostly strong start to the year

By David Arbit on Tuesday, February 19th, 2019 The latest numbers show that 2019 was off to a good start for Twin Cities residential real estate. Sellers produced another increase in listing activity, while buyers entered into more contracts than last January even while closed sales fell. Market times continued to shrink as the median…

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Home Prices Reach Record High; Sales Down but Inventory Up

By David Arbit on Tuesday, January 22nd, 2019 2018 Annual Wrap-Up Beauty is in the eye of the beholder. Sometimes, so are market statistics. For sellers, the big stories of 2018 were three records: prices, market times and percent of list price received at sale. For buyers, the major themes were increased new listings toward…

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Long-awaited inventory gains finally arrive

By David Arbit on Tuesday, December 18th, 2018 For the first time since April 2015, there were more homes listed for sale in the Twin Cities metro than the same month the year prior. After years of strong buyer activity and weak seller activity, the tides seem to finally be shifting. Seller activity has been…

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Supply tight but flattening, prices still rising, sales fluctuating

By David Arbit on Friday, November 16th, 2018 As sentiments regarding the direction of housing markets have changed, it’s worth remembering two key facts. First, all housing is local—what’s happening in San Francisco, Seattle and Denver is not reflective of the Minneapolis-St. Paul market. Second, the housing market faces fewer risks than in the mid-2000s.…

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Gung-Ho Sellers Post Largest Increase in Nearly Three Years

By David Arbit on Wednesday, September 19th, 2018 More sellers are feeling optimistic about listing their homes just as humidity, cabin weekends and food-on-a-stick give way to rakes, school buses and sweater vests. Compared to last August, Twin Cities sellers listed 7.6 percent more homes on the market. That was the largest increase since late-2015.…

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Maps, Maps and More Maps

By David Arbit on Friday, August 17th, 2018 Here at MAAR, we’re always coming up with new ways to convey information to our members, the media and the public. In our research department, we’ve been working on creating a series of maps that help us visualize and better understand our regional housing market. For too…

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Sales Flatten while Sellers Capitalize on Price Gains

By David Arbit on Thursday, August 16th, 2018 New listings increased this July compared to last year, which could hint at a flurry of sellers looking to take advantage of this strong market. July marked the second increase in seller activity since November 2017. Meanwhile, buyer activity flattened out after seven months of year-over-year declines.…

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