Twin Cities Market Overview
The Twin Cities housing market is experiencing a positive shift. The National Association of Realtors (NAR) forecasts a 9% increase in existing home sales and an 11% rise in new home sales for 2025. This uptick is attributed to anticipated declines in mortgage interest rates, which are expected to boost buyer activity.
Currently, the Twin Cities have approximately 1.5 months of housing supply, indicating a seller's market. A balanced market typically has 4-6 months of supply, suggesting that demand continues to outpace supply in the region.
St. Croix County Market Snapshot
In St. Croix County, the real estate market is also heating up. As of December 2024, the median home price was $391,772, marking a 5.5% increase from the previous year. Homes in the area sold for an average of $194 per square foot.
The average time on the market for homes in St. Croix County was 55 days in December 2024, a slight decrease from the previous year, indicating a brisk market pace. Additionally, the number of homes sold increased by 32.7% from November to December 2024, reflecting heightened buyer interest.
Why 2025 is a Great Time to Buy or Sell
For Buyers:
With mortgage rates expected to ease and home prices projected to rise at a more moderate pace, 2025 presents a favorable environment for purchasing a home. Entering the market now allows buyers to take advantage of lower borrowing costs and invest in properties before prices potentially increase further.
For Sellers:
The current seller's market conditions, characterized by low inventory and high demand, provide an excellent opportunity to achieve favorable sale prices. The anticipated increase in buyer activity due to lower interest rates further enhances the prospects for sellers in 2025.
Partner with Divine Real Estate Group
At Divine Real Estate Group, we are committed to guiding you through the dynamic real estate landscape of 2025. Whether you're looking to buy or sell in the Twin Cities or St. Croix County, our team of experienced professionals is here to provide personalized service tailored to your unique needs.
Call Us
866-972-7575
Email Us
info@divinerealestategroup.com
