Published February 21, 2023
Market Trends
December 2023
Buyers and sellers are taking advantage of the milder winter and we expect 2024 to be hot
and for the spring market to arrive early. Now is a great time to chat about making a move in 2024.
November 2023
A mild start to winter has kept the local real estate market humming at fall-like levels as we head into the holidays. With good news about the economy and a sunnier outlook for interest rates, we expect 2024 to start out hot right after the new year. If you're thinking about buying or selling in 2024, now is the time to set your plan for success!
October 2023
As the market cools down and interest rates drop for the first time in months, buyers are able to take more time and negotiate better terms with motivated sellers who are often open to buyer contingencies. Yet, still, homes priced to sell are moving fast and at historically strong prices.
September 2023
Prices fell in the Twin Cities in September, signaling good news for buyers. Homes are also beginning to take a little longer to sell, but still moving pretty fast when priced right and showcased well. If you've been waiting for the market to quiet down a bit, now may be a good time to start plotting your next move.
August 2023
With an uptick in new listings and more homes sold in August, we are definitely seeing the fall market come to life here in the Twin Cities! Depending on your goals, this may be a great time to act if you've been considering buying or selling.
July 2023
Things got a bit quieter in July with fewer new listings and closed transactions across the Twin Cities market. With fall market just around the corner, it's time to get your plan ready if you want to act in 2023!
June 2023
June numbers are in! We finally saw a nice uptick in closed sales as the market returned to “normal” after a long, cold winter and spring market. But prices continue to rise even as new listings are finally giving buyers more options.
May 2023
April 2023
Inventory continued to be pretty tight across the metro in April, keeping prices at record highs. If you’re thinking about selling or want to know what your home may be worth on today’s market, reach out and we can help!
March 2023
Spring is finally here and the market is heating up! More new listings hit the market in March but inventory remains LOW and pricing is holding strong.
February 2023
February results are in! More listings hit the market and the average market time is edging closer to “normal," yet homes are still selling relatively fast and for strong prices. We’ve been taking a lot more calls from potential buyers and sellers who want to make a move this year, so we’re sensing another busy - but more normal - spring market.
