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The 2016 Twin Cities Real Estate Market – Hot or Not?

Minneapolis Minnesota

In case you haven’t heard, 2015 was a great year for real estate, and with home sales reaching a 10 year high, many industry leaders say the housing market has fully recovered. Now that we are several weeks into the New Year with the spring housing market hovering around the corner waiting to pounce on the Twin Cities, let’s take a look at January’s statistics and make some projections for what is ahead.

Snowy house

January Was Cold But the Twin Cities Housing Market Wasn't

The January real estate market in Minneapolis-St. Paul was strong with enthusiastic buyer activity, brisk sales, and rising home values setting the trend. Pending sales rose 3.5 percent, the median sale price rose 10.3 percent to $215,000, and the median list price climbed 6.1 percent to $259,900, a record high. However on the seller side we saw a less inspiring performance with the number of new listings declining 7.2 percent from last year which brought inventory levels down 22 percent and the lowest they have been since 2003.

Home Buyers...

February in The Twin Cities. Ways To Embrace, Ways To Avoid the Cold.

Stone Arch Bridge Minneapolis MN
It’s 
February, the last complete, official month of winter. This first week of the month brought with it a foot of snow to the Twin Cities, and the first significant accumulation of the white stuff so far this winter. Punxsutawney Phil didn't see his shadow even though we know here in Minnesota we have 6 more weeks of winter. Valentine's Day arrives on the 14th and on the 22nd we celebrate our great Presidents. February is also designated as Black History Month, American Heart Month, and Chocolate Lovers Month. 

Let’s take a look at what is going on in our beautiful Twin Cities Metro this month as we decide how and where to celebrate.

March on Washington

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