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
Archives for May 2022
Stillwater MN Housing Market Correction 2022
The Stillwater MN housing market continues to be strong with an average home sale appreciation of 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. The number of showings per listing is slowing. Sellers are reducing their list prices after going on the market at a faster rate. 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
Somerset WI Housing Market Correction 2022
Somerset WI housing market is still going strong with nearly 30% higher new listings in the past 12-months along with 8% more closed sales. The average sales price increased to 21.2% during this same time frame. However, as we continue to move further into 2022 we should start seeing the early stages of a housing market correction this year. In St. Croix County the number of showings per listing Continue Reading
Prescott WI Housing Market Correction 2022
Prescott WI and Pierce County housing market is possibly just starting to show the early stages of a housing market correction. The number of showings per listing are declining. More 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 rates have climbed faster than Continue Reading
