The Twin Cities housing market saw a great deal of change in 2023. The year began with a strong spring market, driving up prices. That dynamic shifted in late summer as mortgage interest rates rose sharply, reaching the highest they’ve been in 20+ years (8%+) by mid-October. Interest rates decreased significantly in late fall, a harbinger for a potentially very active spring market in 2024. See more in our annual year-end review and market outlook for 2023-2024.
