As the vibrant hues of summer give way to the rich, warm tones of fall, the real estate market undergoes a shift. Whether you're a buyer, seller, or investor, understanding how the transition from summer to fall impacts the market can help you make informed decisions. As always, your team at ConnCrete Realty Solutions is here to keep you informed and walk you through your individual situation. Here’s a general look at what to expect and how to navigate the real estate landscape as we move into the fall season understanding that the November election could throw in unforeseen changes. 

1. Market Dynamics Shifting

As the temperature drops, so does the pace of the real estate market. Historically, fall tends to see a slowdown in activity compared to…

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Below is a quick snapshot of August 2024 housing stats. Rates have been favorable for home Buyers, but both Buyer and Seller activity has been lower compared to August 2023. As the fall air blows in and our summer season slows down, we will likely see days on market increasing as they typically do. There are usually great opportunities for Buyers this fall as Sellers look to get their properties sold before winter so Buyers should keep their eyes open for those!

To check out the full report, click here.

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Join us August 28th for our next Lakes Area Investor Meetup! Free to attend and we encourage you to bring friends with you. Aaron will be speaking about things to consider with partnerships, how to potentially structure them, and what to keep in mind. Bring your questions and any deals that you'd like to analyze! It's always a good time :)

As always, we are meeting the 4th Wednesday of the month at 6pm in the third floor conference room at Creative Touch Boutique.

Join us for light appetizers, great networking and an amazing discussion on strategic partnerships!

Not able to make it and looking to reach out to Aaron, give him a call or set up a meeting! 507-841-3398

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New listings are down and prices are up. "New listings typically peak in April and May, pending sales in May and June, with closings reaching their yearly high in June and July. Annual trends suggest that peak home buying and selling season has passed in Minnesota, but there’s still significant action ahead—particularly if mortgage rates remain favorable. Seller activity continues to outpace buyer activity." - from MN Realtors Housing Report

New listings and signed purchase agreements are down for the year. With inventory being 15% higher over July 2023, that indicates our listings may be taking longer to sell. 

"Eager home buyers were excited about the prospect of lower mortgage rates this year. But that didn’t materialize in July. Pointing…

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We’ve been repeating this all summer, but our median sales price is still holding steady or rising slightly as 2024 goes on. We’ve seen Buyers really taking their time making a decision with inventory and DOM being higher.

Wanting to talk about the market, give us a call!

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Our local May market update is showing a much "healthier" month of inventory, now up to 4.1 months. That is an increase of 28% from last May of 2023. With that, Sellers are receiving on average 96% of their original list price when they close. Median sales price is still standing strong being unchanged from last May 2023. Wanting to talk about the market, give us a call! 


Click here to read the full MN Housing Market Report


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Home sales continue to be strong with our median sales price continuing to trend higher. Buyer demand is also still strong, despite higher interest rates. In our experience, Buyers are much pickier now than they were the last couple years mostly due to those interest rates.

According to the 2023 City of Alexandria Housing Study, we are still short both owned and rented housing units.

Reach out to discuss further if you'd like!

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We love Alexandria and all that the Central Minnesota Lakes Area has to offer! With everyone on our team owning lake property, we understand the love of the water and the recreation that it brings! Our team serves clients in both purchasing and selling lake property and every client has a different story or reason for owning lake property. We have gathered several benefits that lake property can bring if you're on the fence about "jumping in"! 

owning a lake home can offer a variety of benefits:

1. Relaxation and tranquility: A lake home provides a peaceful retreat away from the hustle and bustle of everyday life, allowing you to unwind and enjoy the natural beauty of the surroundings.

2. Recreational activities: Living on a lake gives you easy…

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It is spring time (almost summer) and we often think of spring cleaning and opening up our seasonal cabins again! It's an exciting time, but also can be labor intensive. Whether you do your regular home maintenance in the spring time or fall, there are really great benefits of maintaining those home systems! The last tip below may be our favorite!

5 benefits of Regular home maintenance services:


1. Increased property value: Keeping up with maintenance can help preserve the condition of your home, ultimately increasing its value. Who doesn't love that. Also, less updating and work to get your home ready to sell when that time is right.
2. Preventing costly repairs: Regular maintenance can catch small issues before they become major problems,…

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