Housing Market Press Releases
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.
Sales flatten and prices remain higher, meanwhile new listings rise and rates ease
According to new data from Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, metro-wide home prices rose slightly in November. Sales activity was flat as mortgage rates softened slightly and new listings were up 5.3%.
Homes for sale down in Twin Cities, up slightly statewide
Minneapolis Area Realtors and the St. Paul Area Association of Realtors also put out a report on the Twin Cities regional market. While new listings throughout the state were up, new listings in the Twin Cities declined 1.1% in October, although the report notes that this is the lowest decline since May 2022.
Prices on the rise again after flattening out; seller activity may be stabilizing
(September 15, 2023) – According to new data from Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, home prices rose modestly in August. Both buyer and seller activity were lower compared to last year.
News release: Prices still flat while sales declines continue with rates sticky around 7%
According to new data from Minneapolis Area Realtors® and the Saint Paul Area Association of REALTORS®, home prices were flat in July 2023. Both buyer and seller activity were lower compared to July 2022.Prices down slightly again while sellers still getting over asking price
(June 15, 2023) – According to new data from Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, home prices dipped slightly from last May. Both buyer and seller activity were also lower compared to last year.Prices dip for first time since 2012 but sellers still receive over asking price
(May 17, 2023) – According to new data from Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, home prices dipped slightly from last April. Both buyer and seller activity were also lower compared to last year.