Just the facts

Every day there’s a new challenge, it’s been great to see how our team, our partners and clients have responded. Staying safe, taking a pause when appropriate, finding ways to make things work when they have to! As the debates carry on about opening up MN and to what degree, we continue to put the best interests of each individual client first (of course, as always!), strive for balance, and keep a very close eye on the most up to date and local measurables.

• New listings are still coming on the market at a pace of roughly 70% compared to the same week in 2019, this means the decline has leveled appears to be on the verge of trending back upward. 
• Total showings last week are also running about 70% of last year’s total, but that is up 40%+ from the bottom just a few weeks ago (this means the properties that are listed are getting a lot of looks).
• A lot of new pending sales happened, 75% as many as the same week in 2019, which is up 8% over the previous week this year. 

Things change daily, but there’s good data for optimism around the local real estate market. Individual markets are hyper-local, these stats apply to the Twin Cities in general, by location and by price category they can vary pretty widely. If you’re interested in how it applies to one neighborhood or one house, don’t hesitate to ask!