So how’s your market doing this week? Minneapolis still feels stable and extremely limited

Unlike many users in other parts of reddit taking screenshots of a single listing’s price drops—here in Minnesota, or more specifically, the Minneapolis and first ring suburbs area, inventory levels are still supremely low, especially for homes within desirable sections of the city (centrally located with decent schools). Of the limited listings that are coming on the market, it appears they are priced to sell and garner immediate interest in the first week (350k-420k), but over the past couple of weeks, the number of new listings feels low, and some of those good homes or okay homes in desirable areas are still going straight to pending. It feels like we’re at a standstill. If this pace (or lack of) listings continue, I have a really hard time seeing how home prices come down.

How’s your market actually doing given the past couple of weeks with high interest rates?

submitted by /u/SupChris
[link] [comments]

Unlike many users in other parts of reddit taking screenshots of a single listing’s price drops—here in Minnesota, or more specifically, the Minneapolis and first ring suburbs area, inventory levels are still supremely low, especially for homes within desirable sections of the city (centrally located with decent schools). Of the limited listings that are coming on the market, it appears they are priced to sell and garner immediate interest in the first week (350k-420k), but over the past couple of weeks, the number of new listings feels low, and some of those good homes or okay homes in desirable areas are still going straight to pending. It feels like we’re at a standstill. If this pace (or lack of) listings continue, I have a really hard time seeing how home prices come down. How’s your market actually doing given the past couple of weeks with high interest rates? submitted by /u/SupChris [link] [comments]

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