Bruce Erickson

612-382-4099

MENUMENU
  • Home
  • Search Properties
  • Our Listings
  • Resources
    • Sellers
    • Buyers
  • News
  • Contact
1 2 3 4 5 6

Gain from experience

Over fifteen years of real estate experience in Minneapolis ans surrounding communities.

More about Bruce

Weekly Market Report

June 14, 2021 by nimdaerickson

For Week Ending June 5, 2021

Fannie Mae’s new refinancing program, RefiNow™, which offers qualifying homeowners with a Fannie Mae-owned mortgage new options for refinancing their loans, officially starts on June 5th. Borrowers at or below 80% of the area’s median income may qualify for this new program, which can lower interest rates and reduce monthly payments by $50 or more. Homeowners can learn more about qualifications and their options by contacting their lender or visiting KnowYourOptions.com.

In the Twin Cities region, for the week ending June 5:

  • New Listings decreased 3.5% to 1,704
  • Pending Sales decreased 21.3% to 1,185
  • Inventory decreased 44.3% to 5,892

For the month of April:

  • Median Sales Price increased 10.2% to $336,250
  • Days on Market decreased 34.0% to 31
  • Percent of Original List Price Received increased 3.4% to 103.3%
  • Months Supply of Homes For Sale decreased 47.6% to 1.1

All comparisons are to 2020

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.

Filed Under: Weekly Report

$ 209,900 - Maple Grove MN 55369
429 Eagle Lake Drive
2 beds, 1 baths
View Details
$ 1,495,000 - Wayzata MN 55391
480 Hillside Drive
5 beds, 5 baths
View Details
$ 799,000 - Golden Valley MN 55426
365 Laurel Curve
4 beds, 3 baths
View Details

Greet me and meet me on social media. You can follow my new listings and changes in the marketplace on any of the following. Follow me.

  • Facebook
  • Google+
  • Instagram
  • StumbleUpon
  • Twitter

Navigation

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Markets Updates
  • Area Links
  • Schools

Keep in Touch!

Realtor & Housing

Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.

Copyright © 2022 | MSLLC