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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Lake Minnetonka housing market 2018 – Year in Review

Lake Minnetonka's Wayzata Bay from the North

In 2018 the NorthstarMLS listed 270 homes for sale on Lake Minnetonka and recorded 141 homes sold. This is their story. Told with riveting data and facts from Infosparks based on information lifted from our good friends at the NorthstarMLS. Our journey will look at single family homes listed with private lakefront on Lake Minnetonka…

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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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New Year, New Homes! 9 Just-Built Houses Waiting for Their First Owners

The new year offers the ideal opportunity for change. Whether it’s a new climate, new job, or new school district you’re after, you also might want to consider one crucial new element—a home’s construction. New homes offer numerous benefits for homeowners—from the latest and greatest in green building techniques to modern amenities and wide-open floor…

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Add Some Plaid to Your Holiday Decor

By Melissa Dittmann Tracey, REALTOR(R) Magazine Holiday decor is going gingham style this year. Checkered plaid is one of 2018’s hottest holiday design accessory. Black and white or red and black buffalo prints are popping up in everything from Christmas stockings, ornaments, table runners, and wreaths. The buffalo prints are really a nod to the…

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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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Hot Home Trend: Color Block Your Kitchen Cabinets

By Melissa Dittmann Tracey, REALTOR® Magazine Getting a little mismatchy in kitchen cabinet color designs is no longer being viewed as an unfinished reno job, but instead perfectly stylish in fitting with today’s trends. These “tuxedo kitchens,” as they’re nicknamed, are where the upper cabinets may be in one color—like in all white—and then the…

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