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Realtors to Legislature: Think affordability | Finance & Commerce
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2023 market for condos, townhomes performed better than single-family homes
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Minnesota home sales decline, but sellers still have the upper hand
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Investing in old homes has always been in style, but now for many homebuyers, it’s becoming a necessity. According to Minnesota Realtor’s 2022 report, the number of homes for sale dropped more than 24% in one year. “It’s a difficult market right now because there isn’t much inventory,” Lynn Monson, with DreamMaker Bath & Kitchen said. 5 EYEWITNESS […]
Updated: 8:40 AM CDT April 24, 2021
The market for home sales in the state of Minnesota continues to be a hot one, according to the latest figures released by Minnesota Realtors, the membership organization supporting all 22,000 realtors in the state.
Minnesota Realtors CEO Chris Galler spoke with KARE11 and gave an overview of March home sales as well as a look ahead for spring.
The shortage of affordable housing continued to squeeze a heated marketed driven by rising buyer demand.
Although closed sales increased +3.1% over last March, and pending sales were up +12.1%, activity was dampened by a -10.9% decline in new listings. Homes for sale were down -54.8% over last year, leaving only a one-month supply of inventory statewide.