Housing Market Press Releases
November 2024 housing market overview: Sizable gains in listings and sales despite rate environment
(Nov. 14, 2024) – According to new data from the Minnesota state and Twin Cities metro REALTOR® Associations, which jointly provide a housing market overview each month, listings, sales, prices and inventory all rose in October.
Affordability inches up alongside inventory while sales stabilize
“Buyers are pleased to have better affordability and more options to choose from,” said Amy Peterson, President of the Saint Paul Area Association of REALTORS®. “For the most part, sellers still hold the reigns in this market even with the additional inventory we’ve seen.”
Buyer and seller activity down from last August, but lower rates on the way
$2,820. That’s what a homeowner would save per year if they purchased or refinanced the median-priced home in August compared to if they purchased it when rates were at their peak in late 2023.
Listings up but sales down as buyers eye lower mortgage rates ahead
According to new data from the Saint Paul Area Association of REALTORS® and Minneapolis Area REALTORS®, which is provided jointly each month, seller activity rose in July compared to last year while buyers pulled back. Inventory and prices were higher.Metro home prices hit record high despite higher rates and more inventory
According to new data from the Saint Paul Area Association of REALTORS® and Minneapolis Area REALTORS®, who provide a joint monthly report, listings rose slightly compared to last year while sales softened. Inventory levels and prices were up.
Growth in listings met by cooler demand leads to an increase in supply
According to new data from the Saint Paul Area Association of REALTORS®, in conjunction with Minneapolis Area REALTORS® as the two Associations provide this information together each month, listings rose slightly compared to last year while sales softened. In fact, both inventory levels and prices were up.For April 2024: listings are up more than sales, meaning buyers are seeing more options
According to new data from Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, both listings and sales rose in April 2024 compared to last year at this time. Prices and inventory levels were also higher.For March 2024: spring market continues budding; buyers seeing more options
The Saint Paul Area Association of REALTORS® provides a monthly statistics overview for the housing market.