By: Lolla Nur, UpTake Fellow The House Local Government Division Committee met on Feb. 23 at 8:30am to discuss HF3256 Legalizing Affordable Housing Act (Rep Steve Elkins DFL). The purpose was to go over information about how Minnesota’s 2021 increased housing demand, labor and supplies costs, coupled with a historic supplies shortage, have all impacted […]
By: Lolla Nur, UpTake Fellow The House Local Government Division Committee met on Feb. 23 at 8:30am to discuss HF3256 Legalizing Affordable Housing Act (Rep Steve Elkins DFL). The purpose was to go over information about how Minnesota’s 2021 increased housing demand, labor and supplies costs, coupled with a historic supplies shortage, have all impacted […]
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.