Melissa's Blog Content
March 2024 Market Update & Newsletter
Stay up to date each month with my new Monthly Newsletter that has market statistics, buyer & seller tip & More!
Click on YouTube above to watch it in Youtube or
Click Here to Download a PDF Version
Buyers:
If you're a buyer and have questions about the home buying process, be sure to download my Ultimate Buyers Guide.
Looking For A LOAN OFFICER? Check out Jane & Zach Johanns with New American Funding by CLICKING HERE. You can even apply for pre-qualifi...
February 2023 VS 2022 Market Update
Twin Cities Real Estate: A Surge in February 2024
February 2024 has proven to be a remarkable month for the Twin Cities real estate market, showcasing significant movements that signal a vibrant start to the year.
A Remarkable Rise in Listings and Sales
New Listings: The Twin Cities witnessed an impressive 34.5% increase in new listings, marking a substantial upswing in homeowners ready to sell. This surge suggests a growing confidence among sellers and a...
State of the Market February 2023 Vs 2024
February 2024 witnessed dynamic shifts in the real estate market. Let’s break down the key statistics and explore what they mean for buyers & sellers.
1. New Listings
- Change: +34.5% compared to February 2023.
2. Closed Sales
- Change: +11.2% year-over-year.
3. Median Sales Price
- Change: +4.5% from the previous year.
What Does It Mean for You?
Buyers: Explore the expanded inventory, negotiate wisely, and take advantage of favorable pricing. Sellers:...
December 2023 Vs 2024 Market Statistics
Let’s put these numbers in perspective. Looking back over the years, we observe the following historical trends:
- In 2021, there were 75,581 new listings.
- In 2022, this number decreased to 68,039.
- And in 2023, we saw a further decline to 59,581 new listings.
November 2023 Vs 2022 Market Update
Embracing the Shifts:
New Listings: The region witnessed a positive change in new listings, with a 5.3% increase. This uplift signals a growing willingness among homeowners to enter the market, providing a broader selection of homes for potential buyers. Closed Sales: On the flip side, closed sales experienced a downturn, decreasing by 7.1%. This reflects the market's natural ebb and flow, influenced by factors such as seasonal adjustments and broader eco...
October 2023 VS 2022 Market Update
In the realm of real estate, understanding the ebbs and flows of the market is crucial for navigating future decisions, whether you're looking to buy, sell, or simply keep a pulse on the local economy.
The Minneapolis Area Realtors® provides an invaluable resource with its monthly market updates, offering a deep dive into the dynamics at play within the 16-County Twin Cities region. October 2023's update sheds light on some interesting trends that merit closer...
Your Monthly Market Update September 2023 VS 2022
A Glimpse into September's Market Movements
September's narrative is one of nuanced changes, each metric telling a part of the story of the Twin Cities' real estate market:
New Listings: The market saw a decrease in new listings by 6.4%. This contraction suggests a hesitation among sellers to enter the market, possibly awaiting more favorable conditions or reflecting a broader trend of inventory tightening across the region. Closed Sales: A...
