The North Loop Real Estate Market update (June 2022 - June 2023) and what you need to know as a Buyer or Seller
Posted by Isaac Kuehn on
As we reflect on the past year, the real estate market in the North Loop neighborhood of Minneapolis has seen some changes over the last year. Let's take a closer look at the key metrics from June 2022 to June 2023 and what you need to know if you are a seller or a buyer.
Important Data Points
New Listings: Over the past year, new listings in the North Loop have decreased by 19.4%, from 227 to 183. This reduction in new listings suggests a tightening of the market, with fewer properties available for potential buyers.
Closed Sales: Closed sales have seen a decrease, dropping by 29.7% from 182 to 128. This decline could be a result of the reduced inventory, with fewer properties available to close on.
Median Sales Price: Despite the decrease…
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