February 2022 Market Insights – Minnesota Real Estate

February 2022 Market Insights Individual circumstances are more important than current mortgage rates Key insights from January 2022 (compared to January 2021)* New listings: 3,605 | -11.5% Median sales price: $332,500 | +10.4% Closed sales: 3,020 | -10.4% Pending sales: 3,170 | -11.7% Days on market: 41 | -2.4% Inventory: 4,221 | -24.2% Months’ supply: 0.8 | -20.0% Pricing, pace of sales … Read more

October 2021 Market Insights

October 2021 Market Insights Key insights from September 2021 (compared to September 2020)* New listings: 7,238 | -8.6% Median sales price: $341,750 | +10.2% Closed sales: 6,304 | -5.9% Pending sales: 5,590 | -14.4% Days on market: 23 | -37.8% Inventory: 8,306 | -15.6% Months’ supply: 1.5 | -21.1% September market remains historically hot as metrics continue slow swing toward balance The … Read more