Twin Cites April Real Estate Market Update - Twin Cities NW Metro Life

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Twin Cites April Real Estate Market Update

Graph of Twin Cities Real Estate Market Update Average Sales Price $399,000

Twin Cities Real Estate – the Big News right now is interest rates! ….FROM MINNEAPOLIS AREA REALTORS®…”Mortgage rates have surged recently, jumping to 4.42% the week ending March 24, up more than a quarter of a percentage point compared to the previous week, Freddie Mac reports.

Rates have increased 1.2% since January and are at the highest level in more than 3 years, with the typical homebuyer now spending $250 more per month to purchase a home, according to the National Association of REALTORS®.

In the Twin Cities region, for the week ending March 26:
• New Listings decreased 12.8% to 1,366
• Pending Sales decreased 12.8% to 1,178
• Inventory decreased 13.7% to 4,839

Graph of Twin Cities Real Estate Market Update Average Sales Price $399,000
Myra Jensen

Myra Jensen

I'm Myra Jensen, lifestyle blogger and Realtor at BRIX Real Estate. I live and work in the Twin Cities NW Metro and love everything this beautiful area has to offer. If you live in the NW Metro or are thinking about moving here, you have come to the right place! Stay up to date with NW Metro, Events, Restaurants, Outdoors, Real Estate and more!
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