Statistics
February 2022 Overview: Sales Begin Seasonal Upswing, But Down From Last Two Unusually Strong Februarys
According to new data from Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, buyer activity in the Twin Cities metro showed its first month-over-month gain since August 2021. As the Covid reshuffle continues to temper, sales are down compared to February of 2020 and 2021, but up from 2019 levels.Twin Cities Housing Market Returning to Historic Trends
According to new data from the Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, buyer activity in the month of July more closely resembled a typical, pre-pandemic summer than the frenzied buying spree seen over the last year or so. Demand as measured by pending sales was down 11.2 percent from July 2020 but was flat compared to July 2019.'Twin Cities Median Sales Price Hit Milestone $350,000
Buyers faltered for the first time in twelve straight months of increased demand.Demand For Homes Continues To Increase, Tightening Market Inventory
According to new data from the Minneapolis Area REALTORS® and the Saint Paul Area Association of REALTORS®, buyer activity in May was up 15.7 percent compared to last year, a twelfth-straight increase in month-over-month pending sales. Demand from buyers in the Twin Cities metro continues to out-pace the supply of new listings into the market.Supply Rebounds from 2020 Levels While Demand Continues to Rise
Market times fastest in 14 years amid record home prices in the Twin CitiesHousing Market Press Releases – March 21
While new signed purchase agreements were also the strongest since 2005, they were down 0.1 percent from last year, suggesting low supply could be constraining sales.Housing Market Press Releases – February 21
Sales up, price growth strong, market times fast, but new listings down and supply levels very low