Resources:
Summary:
The purpose of this page is to share resources and information to keep you updated on how the global COVID-19 crisis is impacting the Twin Cities housing market specifically. For more segment-specific data or to talk more specifically about how your particular home buying or selling decisions might be impacted, you can email us or call us at 612-888-HOME (4663) to schedule a free consultation by phone.
Unlike in other states, real estate transactions in Minnesota are deemed "essential" by Governor Tim Walz under the current order so the housing market will remain open during the two-week "shelter in place" period starting Friday, March 27th, and ending Friday, April 10th (a timeline that is subject to change) but under a limited scope. Open houses have been canceled and discontinued. Buyers are being encouraged to fully vet a property by conducting a drive-by and through utilization of online resources before requesting a showing, to minimize unnecessary social interaction. Buyers who are in the "exploratory phase" of the home buying process are being asked to postpone exploration until after the "shelter in place" phase of the order is lifted.
We will continue to monitor market conditions as the situation evolves and update this accordingly.
