26 Feb January 2025 Minnesota Housing Report
Each month the Minnesota Area Realtors put out a Housing Report for the prior month! With the slight tweak to how the December Report was laid out and generated (annual review vs. monthly), the January Housing Report is hot off the press and ready for consumption. At your leisure, please look at the graphic below, check out the blog, or enjoy the stats here for you number crunchers.
For fear of sounding redundant WAY too early in 2025, I am not planning on getting far into the weeds with this report. However, the one aspect I will mention is regarding the overall sentiment. I cannot put my finger exactly on what I am getting at, but to me, the comments read as less positive compared to those in the Annual Report. It might be as simple as how they are being conveyed in the blog, but it almost feels like they are trying to overcompensate for the perceived weakness. Was January slower? Sure, but rates were in fact TERRIBLE as they said and absolutely everyone knows spring brings a flood of new inventory. In other words, if you can, why not just wait? And for those interested in a present day, “What’s Happening” now sort of report…multiple offers are again all over the place and I swear that buyer activity feels higher right now compared to any other moment for the past 6 months.
Which brings us to my tip for the month. Articles are great, online research tools can be amazing, but tap on professional, experienced resources when it comes to real estate advice. If you solely follow what you read or research, you will unfortunately already be too late to reap any sort of benefit that may be right in front of you.
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