Washington County MN housing market is just starting to show the early stages of a housing market correction. The average sales price did appreciate 8.3% over the past 12-months, but the number of new listings dropped 5%, and the number of closed sales dropped 4.5%. The number of showings per listing are declining. More sellers are reducing their list prices after going on the market at a faster Continue Reading
East Twin Cities Metro Area
Stillwater MN Housing Market Correction 2022
The Stillwater MN housing market continues to be strong with an average home sale appreciation 16.1% over the past 12-months, but the housing market correction is on its way. Research shows new listings are down 9.1%, and closed sales are down 3.2% from a year ago. That the number of showings per listing are slowing. That sellers are reducing their list prices after going on the market at a faster Continue Reading
Mahtomedi MN Housing Market Correction 2022
The Washington County housing market continued to see average home sale appreciation over the past 12-months but the housing market correction is on its way. That the number of showings per listing are slowing. That sellers are reducing their list prices after going on the market at a faster rate. Mortgage and new construction applications are slowing. More importantly 30-year mortgage interest Continue Reading
Oakdale MN Housing Market Correction 2022
The Oakdale housing market continued to see average home sale appreciation over the past 12-months but the housing market correction is on its way. Research shows closed sales are down from a year ago. That the number of showings per listing are slowing. That sellers are reducing their list prices after going on the market at a faster rate. Mortgage and new construction applications are slowing. Continue Reading
Woodbury MN Housing Market Correction 2022
Woodbury MN Housing Market Correction 2022 Woodbury MN housing market appears to be just starting to show the early stages of a housing market correction. Over the past 12-months both new listings (were down 7.8%), and the number of closed sales (were down 5.8%) though the average sale price appreciation is up 13.9% over the same timeframe. I anticipate we will see the average sale price start Continue Reading
Maplewood MN Housing Market Correction 2022
Maplewood MN Housing Market Correction 2022 The Washington County housing market continued to see average home sale appreciation over the past 12-months but the housing market correction is on its way. New listings and closed sales are both down over the past 12-months. That the number of showings per listing are slowing. That sellers are reducing their list prices after going on the market Continue Reading
