Minneapolis

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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Sellers: flat. Buyers: down. Prices: up.

By David Arbit on Wednesday, July 18th, 2018 Seller activity was relatively flat in June while buyers pulled back somewhat. For the first time since 2010, new listings surpassed 9,000 in May of this year. That’s encouraging, even though June seller activity was down slightly compared to last year. Increasing or steady seller activity combined…

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Long-Term Price Trend

By David Arbit on Tuesday, June 12th, 2018 Have you ever wondered to yourself what the home price trendline would look like compared to a hypothetical trendline that starts at the same price in 1990 but increased at a steady and predictable 4% annual growth? Well you’re in luck, because that’s exactly the sort of…

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Slightly less activity yet higher prices in less time

By David Arbit on Tuesday, May 22nd, 2018 Housing demand is strong and supply is low. That’s been the story for a few years. But there is some early evidence that things could be starting to loosen up. That said, buyers shopping this spring will still face stiff competition. The lack of inventory combined with…

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