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Anastasia Hartmann
REALTOR®
(651) 387-2463
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Email Post to a Friend: 2018 Housing Outlook

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January
8

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

 

Disclaimer: 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 consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/29/2022. The listing information on this page last changed on 11/29/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of RMLS-MN MLS (last updated Tue 11/29/2022 5:00:01 PM EST) or Northwestern Wisconsin MLS (last updated Tue 11/29/2022 5:01:08 PM EST). Real estate listings held by brokerage firms other than RE/MAX Professionals may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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