April 6, 2014
2014 March Monthly Report – The Skinny

This year's winter has taken its toll on the housing market. We are off to a soft start this year. Over the various opens that I've held in the past 6 weeks, I've heard a lot of "we're just starting" and "this is our first day out" and "it's too early in the process for […]

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March 6, 2014
2014 February Monthly Report – The Skinny

January was a very cold month. Sellers were down, and buyers were also down. As prices rise, there are less underwater homes, and more sellers are coming on the market. But this is taking its time, mostly due to weather. Median sales price is up 12% to $174,000 For the sellers that have a "ready […]

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January 28, 2014
2014 January Monthly Report – The Skinny

2013 was a good year for sellers. Homes sales and prices were higher. Foreclosures and short sale homes were significantly lower. we had more closed sales in 2013, totaling 53,087, or an increase of 8.8%  5 year high home price $192,000 10.5% less homes for sale. With all of these factors, multiple offers are still very […]

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December 28, 2013
2013 December Monthly Report – The Skinny

In November, we saw much of the same as through the year. Overall closed sales down 5.9% due to far fewer foreclosures and short sales. Inventory is still down, and multiple offers are still common. The median sales price is holding steady at $195,000. Watch the full video for more information:

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November 28, 2013
2013 November Monthly Report – The Skinny

Sellers new listings are up 15%, but most of the gains are in the traditional sellers, which is up a huge 39%. Foreclosures and short sales listings are both down almost 50% each. This is great news, that the market is more stable than before, with fewer foreclosures and short sale properties. Overall the inventory […]

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October 29, 2013
2013 October Monthly Report - The Skinny

September is pretty much the same as August. Overall there are a few more listings than in the past, but it is still a thin market. Buyers are still competing in multiple offers. Demand is still strong due to 4 factors: Affordable mortgage rates - interest is still under 4.5% on a 30 year mortgage […]

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October 26, 2013
2013 September Monthly Report - The Skinny

Although new listings have increased 16.5% and almost all of that came from traditional sellers (not foreclosures or short sales), inventory is still low, being 9.9% lower than last year. That means there is still competition on well-priced, well staged homes for sale. Buyers are keeping a sharp eye on new homes as they enter […]

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September 15, 2013
2013 August Monthly Report - The Skinny

Sellers are beginning to put their homes on the market again. New listings rose over 20% from last year. We also have far fewer short sale listings and foreclosure listings. This means that the number of traditional seller new listings increased 55% over last year. We have a 17% increase of the number of closed […]

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September 15, 2013
2013 July Monthly Report - The Skinny

Sellers are beginning to put their homes on the market again. New listings rose over 20% from last year. We also have far fewer short sale listings and foreclosure listings. But even with the increase in traditional sellers, we are still far from a balanced market. We are still in short supply of homes for […]

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September 15, 2013
2013 June Monthly Report - The Skinny

June 2013 is setting records. Pending sales (houses that have gone under contract) is at the ihghest in 8 years. The number of signed purchase agreements rose more than 18%!! This is good news for sellers, and they have responded. We've had an increase of homes going on the market, but the buyers are snatching […]

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January 13, 2009
2008 Market Review

We’ve all read the negative news about the Twin Cities housing market.   Star Tribune reported that Twin Cities’ home prices have dropped accumulatively 16% over the last year.    Many people think that the reason for the price decrease is that there are more homes on the market than ever, and they are just sitting […]

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November 6, 2008
HPDL Minneapolis Real Estate Market in Review, 2008 Y-T-D

    Minneapolis Real Estate Market Update As you know, the Minneapolis real estate market for 2007 was in flux.  America, as a whole, was experiencing what felt like a recession, even if it didn't fit the technical definition of the term.  The fundamentals of the economy may or may not have been strong, but […]

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