Subscribe and receive email notifications of new blog posts.
In the Twin Cities region, more millennials and first-time home buyers in 2018 will feel the squeeze of low inventory and rising prices from over the last year. These buyers, who typically want an affordable home priced at $300,000 or less, now have fewer options.
As home prices continue to rise, larger, move-in ready properties are edging out of the first-time buyer's price range. Baby boomers, who are often the ones selling the homes that first-time buyers are seeking, are staying put longer due to lack of affordable new development in the condo and town home market.
Non-traditional neighborhoods and first and second ring suburbs – such as Richfield, Robbinsdale and Columbia Heights – are seeing increased activity as buyers expand their search area to find a home that fits their budget.
Data and insight provided by RE/MAX INTEGRA, Midwest. Data reflects January-November 2017 and the same time frame for 2016
We respect your concerns about privacy and value the relationship that we have with you.
Like many sites, we use cookies on our website to collect information to help improve your browsing experience. The cookies that we use allow our website to work and help us to understand what information is most useful to visitors.
For the best website browsing experience, please enable cookies. Go here for instructions on how to enable cookies on your browser.