Buried inside the region’s real estate data are the winning places that ring the two cities

Home prices in 2016 have reached new heights, but it has been an exceptional year for the suburbs closest to Minneapolis and St. Paul. First ring suburban listings are driving sales and selling in record time. First time buyers and downsizing baby boomers are competing for these first ring suburban homes that are often close to transportation, shopping, and other entertainment. Full Article-Buchta, J. (2016, August 16). Buried inside the region’s real estate data are the winning places that ring... Read more »

Twin Cities home sales fell in July as shortage of properties catches up to market

A shortage of new listings of homes for sale in the Twin Cities has led to a drop in closed home sales for the month of July.  The shortage of available homes for sale has continued to increase the median home sales price which was up 6.6% from last year to $239,900.  Homes priced nearest the median are driving the market with homes priced over $500,000 still lagging behind (days on market, sales activity, and price gains) the near median priced homes of the Twin Cities real estate market. Full... Read more »

Twin Cities market isn’t booming for more expensive homes

The Twin Cities housing market is booming and the median home sales price has reached new heights, but not all segments of the market are experiencing the boom equally.  More expensive homes priced over $350,000 and higher have not been experiencing the boom like the homes priced around the median home sales price.  A smaller buyer pool for more expensive homes along with greater supply, changing demographics and changing homebuyer preferences/priorities have all contributed to a flatter upper... Read more »