Melissa's Blog Content

April's Market Update & Newletter 2024 Edition
Melissa Gootee 1 week ago

April's Market Update & Newletter

2024 Edition

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 free PDF Version of my newletter

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. Y...
March Market Update & Newsletter 2024 Edition
Melissa Gootee 1 month ago

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 2024 VS 2023 Market Update
Melissa Gootee 2 months ago

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 January 2023 VS 2024
Melissa Gootee 3 months ago

State of the Market January 2023 VS 2024

Real Estate Market Update: A Closer Look at the Numbers

New Listings Surge by 18%

The real estate market has seen a significant boost in new listings, with an impressive 18% increase. Sellers are taking advantage of the favorable conditions, putting their properties on the market and attracting potential buyers.

Pending Sales Show Steady Growth

Pending sales have also experienced positive momentum, rising by 8%. Buyers are actively engaging in the market,...
December 2023 Vs 2024 Market Statistics
Melissa Gootee 4 months ago

 

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.

Median Sales Price: The cornerstone of market health, the median sales price, witnessed a modest increase of 1.4% from 2022, climbing to $363,000 in 2023. This gentle upward trend is a testament...
November 2023 Vs 2022 Market Update
Melissa Gootee 5 months ago

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
Melissa Gootee 6 months ago

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...
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