Quick Home Search

By searching, you agree to the EULA

2010 Twin Cities House Prices – Fall Forecast

Twin Cities Median Sales Price - All Properties (image courtesy Minneapolis Area Association of REALTORS) What does the fall and winter 2010 hold for Twin Cities home prices? If the last couple years are any benchmark, we should see median sales prices drop substantially... most likely back to the $155,000-$160,000 range that we have seen the last two years.  The fact that buyer activity has slackened since the expiration of the tax credits and our very seasonal market make this a pretty safe bet to make. It is … [Read more...]

2009 – The Year of Multiple Offers in the Twin Cities

Supply Demand Ratio - April 2009

When I became a Realtor in December of 2002, the housing market was already on its long march up to levels that no one thought possible.  By 2005 we had hit the peak of the market but 2006 was still extremely strong too. One of the things that's been largely missing since 2005/2006 is the situation where several buyers are interested in the same house.  We did see this phenomenon in 2008 with short sales but that was mostly due to the long time it could take for responses from the bank (3 weeks to 3 months in … [Read more...]

Minneapolis Area Association of REALTORS Monthly Video Update

Take a look at some great commentary by MAAR.  The numbers are clearly showing a peak of inventory and a bottom for buyer demand, so we see "strength" in numbers that are no longer continuing to soften.  This market has a long way to go before we're back to "normal" but it all has to start with supply, demand, and affordability... all of which are looking better today than they did even a few months ago. … [Read more...]

Here comes statistics in a video

Jeff Allen @ the Minneapolis Area Association of REALTORS,�my good pal after the months of working on the Lender Mediated Sales Report together, has started what looks to become a once-a-month summary video of the highlights from the MAAR reports.  Granted the info discussed is all the positive stuff, but hey, that's what a good marketing campaign is all about. … [Read more...]

Twin Cities Housing Inventory Down vs. Last Year

Days on Market - April 2008

Since early this year, the Twin Cities housing market has been making strong gains towards a level of what I call "peak inventory." What I'm describing as peak inventory is the point where we see the number of houses for sale today at a level lower than last year. Well, we officially hit that in the weekly market report dated 5/5/2008 and are continuing that trend the last two weeks as well. What does this mean? There's approximately 600 fewer homes for sale today than there was a year ago and if current trends … [Read more...]

Disclaimer

TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.