ST. CLOUD — It's more of the same in the Central Minnesota housing market, with inventory continuing to tighten and sales prices increasing. But if you're hoping to wait to buy or build new, industry insiders have news for you: They're not expecting that trend to change any time soon.
According to market updates from the Minnesota Realtors, year-to-date new listings are down in Central Minnesota by 10.5% in 2021 compared to the same time frame (January through March) in 2020.
Premier Real Estate Services realtor and St. Cloud Area Association of Realtors Nancy Costanzo said while the decline in inventory has been going on for years now, the current inventory squeeze is the worst she's seen in her career.