Quick Hits:

  • Home buying confidence has decreased according to the Fannie Mae Home Purchase Sentiment Index after being at an all time high in February.

  • Inventory is still very low though making it difficult for buyers, and is not expected to change much.

  • Seller’s market with rising median sales prices and decreased days on market, but improving jobs data and higher wages could increase buyer confidence.

Check out our previous weeks market update!

Data obtained from Minneapolis Area Association of REALTORSĀ®