Shaun Porter Real Estate

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Shaun Porter Real Estate

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07/21/2025

MN June Housing Report: Listings continue to outpace sales over the past 2 years, but MN remains a sellers market @ 3 months of supply (a balanced market is 5-6 months of inventory). Mortgage interest rates were flat from prior month and down 10 bps YoY. Despite improving inventory and mortgage rates, affordability concerns remain - specifically for new buyers looking to break into the market. A good Realtor can help a new buyer navigate this market, minimize barriers of entry, and find the best value in their investment. On the Seller side, Seller's continue to find their desired price with median sales price up 4.2% YoY @ $370K.

04/17/2025

March numbers are in for MN Housing (YoY). Median home prices increased 3.0% but we're seeing buyers more focused on monthly payments than sales prices - with rate sensitivity being a leading factor for many. That said, key market indicators show there is still leverage for both buyers and sellers in this market!

March Year-Over-Year Summary of Key Market Indicators:
• Closed sales: 4,548 (down 2.9%)
• Median sales price: $345,000 (up 3.0%)
• Average sales price: $399,573 (up 3.5%)
• New listings: 8,526 (up 11.4%)
• Pending sales: 6,090 (up 4.0%)
• Days on the market: 51 (up 2.0%)
• Homes for sale: 12,573 (up 4.8%)
• Months Supply: 2.3 (up 9.5%)

03/22/2025

Great property recently sold in the Turnberry Development of Woodbury. Contact me with any questions you have on your next home listing!

03/17/2025

MN housing report for Feb is now out - highlights included. Rates are still sluggish but b/c market inventory is significantly lower than a “balanced market” dictates…house values remain very strong! The avg median price is up nearly 5% YoY while the avg sales price is up 7.6% YoY. It’s a great time to list your property! Also, the Fed committee meets tomorrow with an outlook on rate cuts released this Wed. @ 2:00 PM (ET). It’ll be interesting to see how the market reacts.

01/28/2025

2024 MN Housing Report is now out! (vs. LY). Source-MN Realtors.

Summary: Home sales rose 1.1% in 2024 despite a trifecta of hurdles for MN Buyers in 2024…..1) rising prices, 2) higher mortgage rates (hovering ~6.7% on avg.), and 3) a shortage of home inventory. Home prices have risen +25% since 2020 but the typical mortgage payment has risen 72% in this same time period! Buying now may reduce market competition for your dream home while keeping prices stable. Buy now and refinance later?

12/17/2024

Nov 2024 - MN Housing Report

12/10/2024

Check out the latest mortgage rate insights from Tradition Mortgage. Find out when the right time to buy or sell might be for our family. I'm happy to help your home goals along the way while maximizing your returns!

11/14/2024

October housing report is out - large jump in listings and sales despite the rate environment.

Check out this gem of a listing! Open house tomorrow 12-2 PM (Sat. 8/3). Contact Eric Katz at eric@erickatzgroup.com o...

08/02/2024

Check out this gem of a listing! Open house tomorrow 12-2 PM (Sat. 8/3). Contact Eric Katz at [email protected] or directly schedule a showing and request more information here: https://www.erickatzgroup.com/d8r9l7z0

06/24/2024

Broad outlook for the housing market heading into the back half of this year….

Address

Woodbury, MN
55129

Telephone

+16512262187

Website

http://shaunporter.exprealty.com/

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