🤔 What’s your 2025 home goal? Planning to upsize, downsize, or explore your options?
📉 New Listings: 4,493 (-5.3% from 2024) – Fewer homes are coming on the market.
🕒 Days on Market: 69 (+16.9%) – Homes are taking longer to sell.
📉 Inventory: 7,147 (-1.5%) – Slight drop in available homes, keeping competition tight.
💰 Median Sales Price: $380,000 (+6.1%) – Home prices continue to rise.
📊 Interest Rates: 30-year fixed at 6.79%, slightly down but still impacting affordability.
What does this mean for you?
💡 Buyers: Prices are rising, but interest rates are slightly down—be ready to act on the right home.
💡 Sellers: Homes are sitting longer, but low inventory means well-priced homes still attract buyers!
📲 Call/Text: Lana Kalinowski 📞 Edina Realty 🏡 651-706-6661 or 📩 DM me – Let’s make your next move a success!
#RealEstate #MarketUpdate #MinnesotaHomes #LanaKalinowskiMN #MortgageRates
