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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This coming Wednesday, April 24th, at 6pm we will have our in-house industry expert and agent, Aaron Conn, leading our Meetup! One of the things we repeatedly get asked is how to analyze deals so he will be discussing the different ways to complete an analysis and then going to run through a few deals! This will be audience lead so bring your questions and any deals you'd like to run through! Join us - 3rd floor conference room of Creative Touch Boutique building!504 Broadway St, Alexandria This is a free, community event so invite others you think could benefit from this event! See you next week!

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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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