Housing Market Press Releases
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.Year off to promising start with gains in listings and sales
According to new data from the Saint Paul Area Association of REALTORS® and Minneapolis Area REALTORS®, which provide a joint housing report to local media each month, both buyer and seller activity rose in January. Sales rose from low levels as mortgage rates softened making sellers more confident about listing their homes.
SPAAR in the News
Local news featured Amy Peterson, 2024 President of the Saint Paul Area Association of REALTORS®, sharing about the 2023 housing market.SPAAR takes part in sharing annual 2023 Twin Cities Housing Market report
In 2023, higher interest rates continued to weigh on market activity, yet prices are still up. 23-year high mortgage rates and rising prices increased monthly housing costs and slowed buyer activity.