04/20/2026
I was interviewed last week by our REMAX Media Team for the REMAX March National Housing Report.
Here's what I shared:
Minneapolis offered a strong example of the spring market gaining momentum. Closed home sales increased 46.7% from February 2026. Justin Fox, Broker/Owner of REMAX Professionals in Cottage Grove, Minnesota, said the increase reflects renewed buyer activity:
“In the Minneapolis market, we saw a dramatic month-over-month increase in closed sales; however, year-to-date sales through March remain about 8% behind the same point last year. Mortgage rates earlier in the year were under 6%, contributing to that significant increase, but we saw them rise in March, which may have put a temporary damper on the excitement. Now rates appear to have started trending back down. Overall, I see pent-up demand in the median-price-ranged market with robust showing activity and multiple offers.”
As always, if you're in need of any advice on how to navigate the local housing market - please reach out! Happy to answer any questions you might have about buying/selling/renting or investing!
