RECENT TRANSACTIONS

Shalimar Estates

998 Grand Ave

1917 Stevens Ave

ON MARKET

There are 115 listed multifamily properties on the market for a total of 3,785 units.

The table below shows a breakdown of the current on-market inventory by unit count.

Sources: We track on-market inventory through 3rd party listing services including Crexi, Loopnet, CoStar, Yardi, and RCM Marketplace. We also source data from NorthstarMLS and NAR RPR. Data are deemed to be reliable, but not guaranteed.

NEWS

Multifamily Housing eNews: LINK

Rare apartment projects advance in Farmington: LINK

Momentum builds for single-family housing: LINK

Minneapolis NOAH loan applications opening mid-June: LINK | LINK

Woodbury apartments sold for $48.6 million: LINK

TWIN CITIES ECONOMY

Minneapolis-St. Paul-Bloomington, MN-WI

The Minneapolis MSA had a lower inflation rate and an overall slower increase in the Consumer Price Index than the national average.

Housing Inventory

The median home value increased by 2.2% over the last year as for-sale inventory remains historically low.

RATES AND STATS

Treasury Yield Curve

While treasury rates have increased at all levels, the short end of the curve is moving up at a slower rate than the longer end of the curve.

The yield curve continues to be inverted but has been flattening over the last 12 months.

SOFR

FINANCIAL MARKETS

Stock Indexes

Consumer Rates

CONTACT US

I hope you enjoyed this update.

• Have any questions?

• Want to learn about our current listings?

• Considering a sale of your property?

Drop us a line today.

Twitter: @David_J_Wallace

LinkedIn: @David-J-Wallace

Website: www.mfirealtyadvisors.com

Email: [email protected]

Phone: (612) 524-9483

NOTICE

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