Real Estate News - February 2020 Somehow, it is already February! The days are still short and many of us haven’t seen the sun in who knows how long.

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Real Estate News - February 2020

Feb intro

Somehow, it is already February! The days are still short and many of us haven’t seen the sun in who knows how long. However, the market got off to an encouraging start in 2020, giving us a bright spot to thaw some of that winter chill. As you look forward to Spring, here’s what you need to know about the state of the market heading into February 2020:

Buying conditions are expected to be favorable as 2020 kicks into gear, as 2019 ended on a positive economic note, with unemployment and interest rates at historically low levels. If these factors maintain, experts foresee 2020 being a great year for housing.

Nationwide, by the numbers:


Existing-home sales in the West rose 4.6% to an annual rate of 1.14 million, a 10.7% increase from a year ago. The median price in the West was $411,800, up 8.1% from December 2018.


Existing-home sales decreased 1.5% in the Midwest to an annual rate of 1.30 million, which is up 9.2% from a year ago. The median price in the Midwest was $208,500, a 9.2% jump from last December.


Existing-home sales in the South grew 5.4% to an annual rate of 2.36 million in December, up 12.4% from a year ago. The median price in the South was $240,500, a 6.7% increase from this time last year.


December 2019 existing-home sales in the Northeast grew 5.7% to an annual rate of 740,000, up 8.8% from a year ago. The median price in the Northeast was $304,400, up 7.4% from December 2018.

As the housing market for 2020 is expected to be a good one, don’t delay if you have an eye for buying or selling a home this year! Contact me today to see how I can help you take advantage of these positive and encouraging conditions.

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


19025 Walden Trail

Deephaven, MN 55391

Upcoming Open House
February 9th, 2020
Time: 12:00 pm to 2:00 pm

Charming two-story home situated on a private and wooded lot in the Walden neighborhood of Deephaven. Wonderful floor plan with four spacious bedrooms on the upper level including an expansive master suite with remodeled bathroom.


3620 Pamela Place

Deephaven, MN 55391

Lovely, light and bright! This charming home is tucked away nicely on a quiet cul-de-sac close to restaurants, shops, beaches, parks, trails and an athletic club.


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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