17 years of Metro area home sales

Sometimes it is interesting to look at the big picture. We can see that the number of home sales is trending down but the numbers are way above what we saw during the crash.

The housing market peaked during the pandemic, it is reminiscent of the peak in 2006. Going forward the unemployment rate and mortgage interest rates will influence where the housing market goes from here.

Graph closed sales
Closed home sales in the twin cities metro area

 

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