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March 2023 Real Estate Market Update

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March 2023 Real Estate Market Stats are in! With buyer demand down from peak levels, home price growth has continued to slow nationwide – but prices remain up from a year ago. In fact, on average, the data shows that home prices have increased by over 7% in the 16-county Twin Cities metro – meaning, on average, homeowners gained over 7% of their homes’ value in equity in just ONE YEAR.

At the end of the day, we are here to help you decipher the data. If you’ve been considering homeownership and want to discuss current market trends, lending rates, and the benefits of owning a home, give us a call. We’d love to buy you coffee and chat!