Real Estate News - December 2019 Happy holidays! It seems like just yesterday we were carving pumpkins, then turkeys, and now, well… snowmen? As the

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Real Estate News - December 2019


Happy holidays! It seems like just yesterday we were carving pumpkins, then turkeys, and now, well… snowmen? As the year winds down, we can take a look back at how the real estate market did in 2019, with a glimpse ahead at what 2020 may bring. Before you set up your tree and get ready to ring in the new year, consider:

Although typically during this time of year, the housing market nationwide experiences a seasonal slowdown, existing home sales are actually up 1.4% in the Midwest and southern regions. The north and west, meanwhile, saw a drop in sales. Likewise, new home sales recorded a gain of 1.5% in the Midwest and South, while other regions reported declines in month-over-month contract activity.

Throughout the year, the steadily improving economy has made for a robust real estate market. However, as the economy grew, housing prices rose rapidly across the country, leading to low supply. Also, thanks to higher short-and long-term interest rates, home prices rose and put homeownership out of reach for many Americans.

What this could mean if you are looking to buy: as a buyer, if trends continue, you might have your pick of homes.

What this could mean if you are looking to sell: the bidding wars and rapid price gains of previous years are slowing, but sellers can still expect strong demand, thanks to low supply nationwide and more millennials looking to buy their first home.

The new year will be here before you know it, so if you are thinking of entering the real estate market in 2020, talking to me should be your first step. I can help you hit the ground running and get a head start on a successful new year.

Kristi Weinstock
Coldwell Banker Burnet
Phone: 612-309-8332


1871 Woodstone Drive

Victoria, MN 55386

Unique, stunning and freshly updated! This home is located on a park like setting with mature oak trees and beautiful views of a pond.It features a wonderful open floor plan with an expanded and completely remodeled kitchen done in 2015 including new cabinets, countertops, lighting, and Bosch/LG appliances.


2432 Laport Drive

Mounds View, MN 55112

Warm and inviting home located on a private lot with beautiful mature trees offering loads of updates! Highlights include new carpeting, engineered hickory floors in the lower level, acacia flooring in the kitchen, new granite countertops, kitchen appliances, bathroom countertops, lighting and fresh paint throughout.


Kristi is an absolute pleasure to work with. From the first time you meet her, you’ll be confident and comfortable with her. She is very professional, knowledgeable, and makes the home buying/selling process much less stressful. She was great about keeping in touch; we had updates every step of the way and she was always available to answer our questions. We would highly recommend Kristi for your real estate needs; she will make the process an enjoyable one!


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