Welcome to our weekly market update for the Minneapolis residential real estate market. In this edition, we'll provide you with the latest statistics, trends, and insights into the market. Whether you're a buyer, seller, or simply curious about the real estate scene in Minneapolis, this update will help you stay informed and make informed decisions. Let's dive into the numbers and explore the hottest neighborhoods and tips from a DRG Realtor Expert.

Market Statistics: New listings in Minneapolis have decreased by 23% compared to last year, indicating a tightening supply in the market. Closed sales have also declined by 25%, suggesting a slowdown in buyer activity. However, the average sale price has increased by 2.2%, indicating a rise in property…

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Investing in real estate can take many forms, ranging from active involvement in the purchase and management of properties to passive investments in real estate ventures managed by others. Each approach has its own unique advantages and disadvantages, so it's important to understand the differences before deciding which strategy is right for you.

Active Investing:

Active real estate investing involves taking a hands-on approach to finding, purchasing, and managing properties. This can include buying a home, duplex, triplex, or quad and becoming a landlord, or purchasing commercial properties to rent out to businesses.

One of the primary advantages of active investing is that it provides a high level of control over the investment. As the owner…

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Are you considering selling your home for the first time? The process can be daunting, but with the right preparation, it can be a seamless and profitable experience. Here are some tips to help you navigate the process and find your new rental within your budget.

  1. Determine Your Home's Value

The first step in selling your home is determining its value. You can start by researching comparable homes in your neighborhood that have recently sold. You can also work with a real estate agent who can provide you with a comparative market analysis (CMA). A CMA will give you a better idea of what your home is worth and what you can expect to sell it for.

  1. Prepare Your Home for Sale

Once you know what your home is worth, it's time to prepare it…

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Minneapolis is a beautiful city that is known for its abundance of parks, lakes, and cultural attractions. With so much to see and do, it's no wonder that many residents and visitors alike prefer to get around on foot. If you're looking for a walkable neighborhood to call home, you're in luck, as there are several great options to choose from. Here are the top five walkable residential neighborhoods in Minneapolis:

  1. Downtown West: Located in the heart of Minneapolis, Downtown West is one of the most walkable neighborhoods in the city. With its wide sidewalks, bike lanes, and pedestrian-friendly streets, it's easy to explore all that this bustling neighborhood has to offer. Downtown West is home to several historic buildings, museums, theaters, and…

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Celeste and Her First-Time Homebuying Story

Click on the image for a 50-second video of Celeste closing on her new home.

Buying a home is one of the most significant financial decisions a person can make. It is a decision that requires careful consideration, planning, and execution. For many people, the idea of owning a home can seem out of reach due to financial constraints or other challenges. However, with the help of a skilled real estate agent and the right resources, owning a home CAN become a reality. Celeste's story is a great example.

I had the privilege of meeting Celeste at an open house in December 2022. She came with her two children and was curious about the home I had listed. She shared her dream of owning a home and told me…

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If you're planning to rent out your property in Minneapolis, it's important to know what you're getting into. Hiring a property management company can help you manage some of the day-to-day tasks, making your life as a landlord a bit easier. Here are some key things to keep in mind when renting out your property in Minneapolis with the help of a property management company.

Get Familiar with Local Rental Laws

Before you start renting out your property, it's essential to know the rental laws and regulations in Minneapolis. This includes understanding your rights as a landlord and your tenants' rights. You should be aware of important laws such as fair housing laws, rental licensing requirements, and eviction laws. A property management company can…

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As the real estate market continues to be competitive in Minneapolis, homeowners may wonder whether it's better to sell their property or rent it out. While selling your home can provide a lump sum of cash, renting out your property can also be a lucrative option. Here are the top 10 reasons to rent out your home and not sell it in today's real estate market in Minneapolis:

  1. Cash Flow: Renting out your home can provide you with a steady source of income. You can use this cash flow to pay off your mortgage or use it for other expenses.

  2. Long-Term Investment: Your property can be a long-term investment that provides you with financial stability. Over time, the value of your property may appreciate, providing you with even more equity.

  3. …

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As a first-time home buyer in Minneapolis, navigating the spring housing market can be both exciting and overwhelming. To help you get started on your journey, here are the top 10 tips for starting a blog for first-time home buyers in Minneapolis:

  1. Start with a clear and concise introduction: When creating your blog post, start with a clear and concise introduction that highlights the key points you'll cover in your article. This will help readers know what to expect and keep them engaged throughout the post.

  2. Know the market: As a first-time home buyer, it's important to be familiar with the current state of the housing market in Minneapolis. Research current housing trends and statistics, including average home prices, interest rates,…

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Get Ready: The Best Time To List Your House Is Almost Here

If you’re thinking about selling this spring, it’s time to get moving – the best week to list your house is fast approaching.

Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year:

“Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2023 is approaching quickly. The week of April 16-22 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year.”

If you’ve been waiting for the best time…

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2 Things Sellers Need To Know This Spring

Photo: Annika Heaton-Brandt

A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind.

1. Houses That Are Priced Right Are Still Selling

Houses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillow, says:

“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”

The need to price your house right is so important today because the market has changed so much over the past year. Danielle Hale, Chief Economist…

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