Below is a quick snapshot of September 2024 housing stats.

Rates have been favorable for home Buyers, but both Buyer and Seller activity has followed historic trends.


As fall has quickly approached, the average number of days on the market remained the same as September 2023.

There are usually great opportunities for Buyers in the 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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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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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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Great report from last month! Sellers love to see that our median sales price is holding strong - up 25.1% over March of 2023 at $285,000 for the region. Our inventory is up to 3.3 months meaning if no more homes came on the market after today it would take 3.3 months to run out of inventory. 5-6 months is a healthy economy where we have approximately the same number of buyers and sellers.

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Just like with January, home sales are happening at great numbers (up 14%) leading us to believe our spring market has started and will continue into summer ☀️ Larger numbers of inventory have done a couple things - pushed our days on market out a bit, as well as pushed our median sales price down. Our market would still argue inventory is a need and affordability is still a concern.

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January numbers are out and to say that they've surprised us is an understatement. We have still been bullish on the 2024 housing market, but a bit less bullish than we have been the last couple years due to the recession some believe we are in and the upcoming election. Interest rates should be pretty stable leading up to the election, which is one of the top discussion points buyers have when looking to buy. What the stats showed was new listings are up nearly 42%, while median sales price is up 17.3%. Those are the surprising numbers. These are all compared to Jan 2023.


In summary, it looks like an early start to the spring market, which is not hard to believe with this beautiful, mild winter we are having in Central MN. If you have…

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