Twin Cities

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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Mixed Spring: Activity cools while prices, market times remain hot

By David Arbit on Wednesday, April 18th, 2018 From colder-than-average temperatures to a record-breaking snow storm, this spring has been anything but normal. While those searching for homes have seen more options since January or February, they’re still seeing fewer options compared to last year. That’s capped sales activity—particularly at the entry-level prices—and the lack…

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Twin Cities Housing Market Trends for February

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