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Twin Cities Housing Review April 2019

Twin Cities April Housing Market Review by Joe Houghton - Minnesota Property Group

Minneapolis-St. Paul Big Picture

The Spring Housing Market is in play. Prices are on the rise as inventory levels continue to decline. Hopeful buyers in the lower price range are jumping on desirable properties hoping their offers rise to the top of the heap.

Months supply of inventory is improving in the mid-price housing range. We see steady sales activity in the higher price ranges while in the lower tiers buyers are still finding that landing a deal on a home to be a challenge especially for desirable homes in sought after locations.

What’s Up and What’s Down

Compare new listings to April of last year; we see an increase across the 16 county Twin Cities region of 4.5%. Closed sales were down 6.9% while the median sale price rose 5.2%. Pending sales were also down 1.1% and inventory levels 1.2% lower.

April weather was wintery at times, which discouraged buyer traffic and slowed sales. This trend was seen across Minneapolis as well as other parts of the nation. Higher prices, less affordability, and low inventory combined forces to dampen sales.

Let’s Dig a Little Deeper into the Housing Stats

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Welcome to the North Loop

Welcome to the North Loop of Minneapolis

There is park along the Mississippi teeming with hawks and bald eagles. If you spend any time here, you notice the character of the river changes daily. A vibrant neighborhood is right out the front door, and it’s a short walk to Target Field, the Guthrie Theater, and downtown Minneapolis.

Whole Foods, the dry cleaner, the local liquor store, and the Minneapolis Farmers Market are part of your neighborhood shopping experience. Boutiques and brewpubs are liberally sprinkled around the city streets beg you to explore and savor. In the evening, catch a movie at St. Anthony Main, followed by dinner and fresh gelato at the Wilde Café. This is the North Loop.Welcome to the North Loop of Minneapolis

The North Loop is Minneapolis’s Hippest Neighborhood

The North Loop is about converted warehouse lofts, (it’s also called the Warehouse District) 5-star restaurants, hip bars, and gay nightspots. You’ll find great design shops where you can buy indie fashions. The Minneapolis Farmer’s Market is the place for local produce and products. You can catch a Twins game at Target Field.

Trendy, innovative, cool, vibrant, and hip are all words...

A Gem of a Rambler in Orono

375 Ferndale Road Orono Mn listed by Joe Houghton RE/Max/Minnesota Property Group

375 Ferndale Road N, Orono MN

5 BEDROOMS, 3 BATHS, OFFERED at $584,900

OPEN HOUSE SUNDAY MAY 5, 12:30 – 2:00 PM

If you are in search of an outstanding family home in the western suburbs, you may fall in love with our newest listing in Orono. This 2,783 square foot walkout rambler is spacious and stylish and offers charm, comfort, and modern functionality.

375 Ferndale Road Orono Mn listed by Joe Houghton RE/Max/Minnesota Property Group

The current owners meticulously and lovingly maintain this beautiful home. The updates and improvements they made will impress you. Since we feel pictures tell the story of a home best, let’s begin our mini-tour and point out some of the features that we love about this home.  

375 Ferndale Road Orono Mn listed by Joe Houghton RE/Max/Minnesota Property Group...

!0 Ways to Better Organize Your Day

10 tips to better organize your day

One major factor that contributes to success is organizational skills. This post is dedicated to those who feel like time slips through their fingers like quicksilver and days often spin out of control. I was that person too until I made the discovery that usually, there are simple solutions to what might only seem like a complex problem.

It can be surprising to discover that establishing a daily routine can work miracles. Preparing for the day ahead imparts feelings of empowerment and control. Being organized will do that for you.

So if the idea of

  • not wasting time looking for your keys every morning,
  • arriving places on time
  • adding more productive time to your day
  • reducing stress

appeals to you check out my 10 tips to better organize your day.

1. Set Up a Command Center

A command center is a place where you can put your keys, phone, tablet, glasses, purse, out-going mail or anything you take with...

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