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
East Twin Cities Metro Area
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 5.1%), and the number of closed sales (were down 9.5%) though the average sale price appreciation is up 13.4% 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 at Continue Reading
Woodbury MN – Housing Market Changes – 2022
Woodbury MN - Housing Market Changes - 2022 Locally the housing market is changing from a sellers housing market which has been driven by rapid appreciation for the past two or three years due to shortages of homes for sale. The rapid appreciation has been driven by the pandemic along with historic low mortgage interest rates. Combined it has forced the housing supply to be out of balance Continue Reading
Woodbury MN – 1st Quarter 2022 Housing Market Update
Both nationally and locally the housing market is at the very cusp of changing from a sellers housing market which has been driven by rapid appreciation for the past two or three years due to shortages of homes for sale. The rapid appreciation has been driven by the pandemic along with historic low mortgage interest rates. Combined it has forced the housing supply to be out of balance with more Continue Reading
