Realtor Nanci Anderson 

Not many of us want to look in the rearview mirror on 2020 – so many ups and downs across the globe.  Even in the Twin Cities real estate market, it was full of ups and downs.  This graphic gives you a quick look.

What Made 2020 a Roller Coaster?

Buyers were jumping in....!

  • Record low-interest rates – still under 3% from many lenders
  • Work / Home balance was challenging – need more space and dedicated workspace
  • First time home buyers wanted to get out of rising rents

Sellers were making cheddar…..!

  • Median home sale price rose 8.9% - record low inventory with strong buyer demand drive home prices higher
  • More time on their hands, able to make home improvements that attracted higher sale…

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