Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Oct. 6, 2020

Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities​

 

For Week Ending September 26, 2020 
Publish Date: October 5, 2020 • All comparisons are to 2019

The Mortgage Bankers Association reported that the share of mortgages currently
in forbearance dropped to 6.93% as of September 13, 2020, the 15th weekly
decline in a row and its lowest level in five months. The share of mortgages in
forbearance peaked in June at 8.55%. The continued decline is a positive sign, but
current levels suggest many homeowners are still struggling from unemployment or
underemployment due to the pandemic.
In the Twin Cities region, for the week ending September 26:
• New Listings increased 11.2% to 1,747
• Pending Sales increased 27.7% to 1,449
• Inventory decreased 31.1% to 9,154
For the month of August:
• Median Sales Price increased 9.8% to $315,000
• Days on Market decreased 4.9% to 39
• Percent of Original List Price Received increased 1.3% to 100.3%
• Months Supply of Homes For Sale decreased 30.8% to 1.8 

www.BradAndersonHomes.com

 

Posted in Market Updates
Sept. 29, 2020

Weekly Housing Market Activity Report for the Twin Citie??s

Weekly Housing Market Activity Report for the Twin Citie​​s

 

For Week Ending September 19, 2020 Quick Facts
Publish Date: September 28, 2020 • All comparisons are to 2019

​In the latest National Association of Home Builders / Wells Fargo Housing Market

Index report released this week, home builder confidence in the market for newlybuilt single-family homes rose five points from 78 in August to 83 in September,
tying an all-time high in the 35-year history of the index. While lumber prices are up
170% from mid-April, adding more than $16,000 to the price of a typical new singlefamily home, strong demand by homebuyers has buoyed builders’ outlook.
In the Twin Cities region, for the week ending September 19:
• New Listings increased 8.6% to 1,854
• Pending Sales increased 25.8% to 1,527
• Inventory decreased 31.2% to 9,076
For the month of August:
• Median Sales Price increased 9.8% to $315,000
• Days on Market decreased 4.9% to 39
• Percent of Original List Price Received increased 1.3% to 100.3%
• Months Supply of Homes For Sale decreased 30.8% to 1.8

www.BradAndersonHomes.com

 

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates