The Minnesota Realtors put out their annual housing report again this year in early February. Following are a few key metrics from the 2025 housing report that may be of interest to both buyers and
Twin Cities Real Estate Insights
Dated: August 1 2024
Views: 43
At this point in the summer, I am sure we are all asking each other the same question. Where has the summer gone?!?!?!
I asked myself this question because I just received from Home Free TC, one of my many resources, the July Twin Cities Real Estate Insights for the 1st half of July and am sharing them with you. Please see below.
July 1st - July 19th, 2024: Fully Accepted Offers
Inspections waived: 20% ↘
Pre-MLS sales: 6% ↗
Cash: 17% ↘, Conventional: 71% ↗, FHA: 8%, VA: 2%
Average purchase to list price: 100% ↗, Median purchase to list price: 100%
Seller contribution towards buyer's closing costs: 33% ↘
Home warranties included: 9% ↗
Contingent on the sale of the buyer's home: 12% ↘
Escalation clauses included: 3% ↗
Appraisal gaps included in 10% of financed purchases ↗
Cancellation rate: 3% ↗
** no ↗ or ↘ indicates the same week over week.
As I always remind you, please contact me at any time to talk about real estate matters!
Ruth Lecy
With over 35 years of experience in residential real estate I have the expertise you are looking for. My experience spans from land and lot sales and purchase; to first-time buyers; to luxury multi-m....
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than REMAX Advantage Plus - Minnetonka are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (little black
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© 2026 Realtor Association of Southern Minnesota. All rights reserved. The data relating to real estate for sale on this limited electronic display comes in part from the Broker Reciprocity (sm) Program of the Realtor Association of Southern Minnesota Multiple Listing Service. Real estate listings held by brokerage firms other then REMAX Advantage Plus - Minnetonka are marked with the Broker Reciprocity(sm) logo or the Broker Reciprocity(sm) thumbnail logo (a little black house) and detailed
Lake Superior Area of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
