Minneapolis Real Estate and Minneapolis Homes for Sale Experts
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Welcome to your guide to anything and everything related to the
Minneapolis real estate market. Looking for property listings,
foreclosures, MN short sales, sold MLS listings or information on
Minneapolis open houses? Are you considering relocating to the
Minneapolis area? As the #1 Real Estate Team in Minnesota, The Minnesota
Real Estate Team of RE/MAX Advantage Plus is here to help you with all
of your Minneapolis real estate needs. What are the current real estate
market conditions? Here in 2019, we are seeing our local seller's market
continue. With only 9,000 plus homes for sale on the MLS here in the
Twin Cities, buyers are finding less homes for sale to choose from. And
Minneapolis homes are selling much more quickly than in prior years. MINNEAPOLIS HOME VALUES AND MLS LISTINGS
Currently in 2019, the median sales price in the city of Minneapolis
(numbers through November 2018) has increased 9.3% year over year. In
Minneapolis, the median sales price is $265,000 and the average sales
price is $325,164 (this is a 7.1% year over year increase.) This is
certainly welcome news for our Minneapolis market with prices previously
having decreased significantly over the last few years. MINNEAPOLIS LOFTS AND CONDOS GUIDEMinneapolis lofts and condos have undergone massive growth in the past ten years. Recent economic problems over this time period, coupled with overbuilding have increased inventories and reduced prices. In the couple of years or so, the market however is starting to turn as buyers are finding interest rates at historical lows and prices lower. Traditional lofts remain a little bit more expensive, as there are only so many older, historic buildings in downtown Minneapolis that can be renovated and converted into lofts. However, soft lofts and new downtown condominium projects are bringing more affordable housing to the downtown area. Our team has published a very comprehensive guide to Minneapolis Lofts and Minneapolis Condos - please check it out and let us know if you would like more information on any of these projects. MINNEAPOLIS MN FORECLOSURES AND SHORT SALES
The Minnesota real estate market is currently seeing a smaller number of
bank owned listings for sale. There are definitely less REO MLS listings
for sale now in Minneapolis (than compared to this exact same time last
year.) The primary reason for this: the overall real estate market and
economy has been on the upswing. Lending conditions have made getting a
mortgage much more difficult as well. For those looking for MN MLS
listings that are either short sale or foreclosures, search
Minneapolis foreclosures here. |
Click on the minneapolis map for more information
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Minneapolis Weather, the Schools and Median Household Income
The school system in Minneapolis is one that consistently has received positive reviews over the years. As your real estate professional, we are here to provide you with any and all information on the various school districts and school available for your children and family (number of students per school, the parent/teacher ratio for that school, etc.) The median household income in Minneapolis is $43,865, compared to $50,935 for the entire US. Unemployment is lower at the 5% level, compared to the 8% plus level nationally. The Twin Cities area as a whole does feature a number of top corporations as well (Target, Best Buy, Medtronic, United Health, General Mills, etc.)Are you looking to relocate to this area and wondering what type of weather to expect? For those who have lived in Minneapolis, MN their entire lives, we know the weather here can be unpredictable. The average low temperature in January is 7 degrees. And the average high temperature is 24 degrees. During the month of January, the average precipitation is 0.90 inches (usually of snow.) For comparison sake, August finds an average high temperature of 81 degrees, and an average low temperature of 62 degrees. Precipitation in this month is on average, 4.3 inches of rain. Minneapolis residents certainly do experience four distinct seasons. According to Sperling?s Best Places, Minneapolis has 198 days per year with some sun. And 101 days with some precipitation.
All agents on our team are licensed Realtors in the State of Minnesota. Agents on The Minnesota Real Estate Team are licensed Realtors with RE/MAX Advantage Plus. This website is not a multiple listing service, but each Minnesota & Minneapolis real estate agent is a member of the Regional MLS of MN, inc., a provider of the Minnesota MLS.