Your guide to understanding the Twin Cities’ summer 2024 market update.

Are you curious about the summer real estate market in the Twin Cities metro area? We get asked this question a lot, but the market is always shifting and evolving. Don’t worry—the market for summer 2024 is full of opportunities. Here’s a rundown of everything you need to know:

• Strong prices for sellers. Prices are remaining strong for our home sellers. We're seeing values up about 3% compared to this time last year. Homes are still selling at a fast pace, which is excellent news for those looking to sell.

• Increase in new listings. New listings are up about 5% in the market. This increase, combined with a more normal and balanced sales pace, has resulted in overall inventory and available options for homebuyers being up 16%. 

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• How it affects you. For homebuyers, you’ll have more choices and a slower, more normal pace for buying a home, with less competition and more options available on the market. For sellers, you can expect to sell quickly and at a great price with prices remaining strong. 

If you're considering buying or selling a home, reach out to us. We'd be honored to start the conversation with a no-obligation, complementary strategy session. Just call (651) 998-9829. Talk to you soon!