September 2021 NW Metro Real Estate Market Update

Twin City real estate….With the last days of summer on the horizon, experts are expecting an unusually busy fall market, as sellers continue putting more homes on the market, hoping to take advantage of record-high sales prices and strong buyer demand. The National Association of REALTORS® reports the median existing home price was up 17.8% year-over-year, and new listings were up 7.3% in July compared to June, defying
seasonality trends typically seen in the fall.

In the Twin Cities region, for the week ending August 21:
• New Listings decreased 5.0% to 1,757
• Pending Sales decreased 11.0% to 1,454
• Inventory decreased 19.5% to 7,906
FROM MINNEAPOLIS AREA REALTORS®

Thinking of taking advantage of the fall market? Contact Myra Jensen at BRIX Real Estate!