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 questions on the market, please reach out. As always, we love being your resource for housing information! 

Stats are for the West Central MN Region and derived from Minnesota Realtors®.

For the full report, click here

Posted by Aaron and Taylor Conn on


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