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August
2

Twin Cities Market Update

August 2nd, 2021 by Counselor Realty

Housing

Cash buyers continue to make up a significant portion of the U.S. housing market, with nearly one-third of home sales this year being all-cash purchases. Although investors make up a considerable number of cash sales transactions, the increasing availability of remote work during the pandemic has allowed some homeowners to sell their homes in pricey markets and relocate to less-expensive locales, where they're able to pay cash for a new home, giving them an edge in a highly competitive market.

Provided by the Minneapolis Area Association of Realtors.

Recent Twin Cities Market Changes

+3.1%	-12.0%	-29.0%
Change in New Listings	Change in Pending Sales	Change in Inventory
For the week ending July 17, 2021. All comparisons are to 2020.

~Provided by the Minneapolis Area Association of REALTORS®.

Mortgage Rates

Concerns about the Delta variant, and the overall trajectory of the pandemic, are undoubtedly affecting economic growth. While the economy continues to mend, Treasury yields have decreased, and mortgage rates have followed suit...

~Provided by www.freddiemac.com 07-22-21

Categories: Twin Cities

Tags: Area Information, Counselor Realty, Bloomington MN, Eden Prairie MN, Edina MN, Plymouth MN, St. Paul MN, Minneapolis MN, For Sellers, Minneapolis neighborhoods, Interest Rate, For owners, Albertville MN, Andover MN, Anoka County MN, Arden Hills MN, Blaine MN, Coon Rapids MN, Fridley MN, Roseville MN, Shoreview MN, Wayzata MN, White Bear Lake MN

Related Markets: Albertville, Andover, Anoka, Arden Hills, Blaine, Bloomington, Coon Rapids, Eden Prairie, Edina, Fridley, Minneapolis, Plymouth, Roseville, Saint Paul, Shoreview, Wayzata, White Bear Lake

Twin Cities Market Update

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