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
Stillwater Minnesota
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
Woodbury MN Wedgewood Luxury Home Realtors
Woodbury MN Wedgewood Luxury Home Realtors - John & Becky Durham showing a beautiful property in Woodbury's premier neighborhood! Brief description of home: Home is off the market and no longer for sale! Custom built, single family home by Derrick Construction. 4-bedrooms on one-level located in premier Wedgewood Heights neighborhood, cul-de-sac, Continue Reading
Stillwater MN Housing Market Changes in 2022
Stillwater MN Housing Market Changes in 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
Stillwater 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
Stillwater MN Home Values
Stillwater MN Home Values Exploded from October 2020 through October 2021. Stillwater MN homeowners who took advantage of the housing inventory shortage walked away from the closing table with significant net proceeds because of home appreciation. Let’s look at the rolling twelve months from October 2020 through October 2021 illustrating the appreciation during this time Continue Reading
