Newsletter

Market Tidbits

Curious what the market is like right now? Check out this weekly report from Minneapolis Area Realtors!

Weekly Market Activity Report for Week Ending September 12

Buyers shopping this fall will find more options and less competition. Active inventory rose 3% year over year in August to 1.41 million homes — the widest selection since mid-2020 — while more than one in four listings saw a price reduction, according to Zillow’s August Market Report. Meanwhile, the Federal Reserve raised its benchmark rate this week for the first time in more than three years, and mortgage rates climbed to 6.95%, up from 6.66% just three weeks ago, according to Freddie Mac. For clients actively searching, now is a good time to discuss rate-lock options with their lender.

In the Twin Cities region, for the week ending September 12:

  • New Listings increased 0.4% to 1,605
  • Pending Sales decreased 15.9% to 769
  • Inventory increased 9.1% to 11,970

For the month of August:

  • Median Sales Price increased 1.2% to $404,950
  • Days on Market increased 7.1% to 45
  • Percent of Original List Price Received decreased 0.6% to 98.2%
  • Months Supply of Homes For Sale increased 10.7% to 3.1

FULL REPORT

Source: https://www.mplsrealtor.com/news/2026/weekly-market-activity-report-for-week-ending-september-12-2/

The Last 30 Days

Recently closed properties:

  • 1838 Pierce St NE in Minneapolis for $330,000
  • 5919 Carlson St in Shoreview for $450,000
  • 4316 Fremont Ave S in Minneapolis for $1,975,000
  • 2222 Scheffer Ave in St Paul for $899,900

With sincere gratitude to all of our clients who continue to instill their trust and confidence in our team! We appreciate you so very much! Nancy and Team

The Last 30 Days

Recently closed properties:

  • 1373 Rest Point Rd in Orono for $330,000
  • 2300 Milwaukee Ave in Minneapolis for $650,000
  • 3336 44th Ave S in Minneapolis for $365,000
  • 5330 42nd Ave S in Minneapolis for $214,000
  • 2191 Eleanor Ave in St Paul for $490,000
  • 4909 Three Points Blvd in Mound for $1,150,000

With sincere gratitude to all of our clients who continue to instill their trust and confidence in our team! We appreciate you so very much! Nancy and Team

Italian Sunday Gravy

Nonna’s Italian Table

Italian Sunday Gravy
https://www.facebook.com/share/p/1BuAhaV4Ce/


“I make this on Sundays… when cooking is not about speed, but about time.

This is the pot that stays on the stove all afternoon, filling the house, just like Nonna used to do when the whole family was coming over.

It’s not just a sauce—it’s the kind of meal that brings everyone to the table without even calling them.


Ingredients (Serves about 8–10)

  • 2 tbsp olive oil
  • 2 lbs short ribs
  • 2 lbs Italian sausage
  • 1 onion, diced
  • 2 carrots, grated
  • 5–6 cloves garlic
  • 1 cup red wine
  • 3 cans (28 oz) crushed tomatoes
  • 2 tbsp tomato paste
  • 3 cups water
  • Fresh basil
  • 1 sprig rosemary
  • 2 bay leaves
  • 1 tbsp oregano
  • Salt & black pepper

Instructions
Start by heating olive oil in a large heavy pot over medium-high heat. Add the short ribs and brown them well on all sides, then remove and repeat with the sausage. This step builds the base flavor of the entire sauce.

In the same pot, lower the heat and add the onion and carrots. Cook slowly for a few minutes until softened, then add the garlic and cook briefly without burning. This creates the aromatic base.

Pour in the red wine and let it simmer, scraping the bottom to release all the browned bits. This step adds depth and richness that you can’t get later.

Add the crushed tomatoes, tomato paste, water, and herbs, then stir everything together. The sauce should be loose at this stage—it will reduce over time.

Return all the meat to the pot and bring everything to a gentle simmer. Once it starts bubbling, reduce the heat to low and let it cook uncovered.

Let it simmer slowly for at least 3–4 hours, stirring occasionally. This long cooking time is what makes the meat tender and the sauce rich and deeply flavored.

As it cooks, the sauce will thicken and the meat will become soft and almost fall apart. Taste and adjust seasoning toward the end.

Tips & Storage
The longer it cooks, the better it gets—don’t rush it.
This is even better the next day once the flavors settle.
Store in the fridge up to 4 days or freeze for later meals.

Go Local

Wondering where to have your next happy hour? Need to change up from your usual? Want to try something new? Take a look at Skaalvenn Distillery!

“Skaalvenn Distillery was started in 2014 by a regular working class husband and wife who in 2013 started pouring their small life savings into a dream. No investors. No shareholders. No outside interests. We wanted to make good spirits at prices everyone could afford.

In 2015 we distilled and launched our first two spirits, Skaalvenn Vodka and Rum. Over the years we added on Aquavit, Habanero Rum, and a sourced aged Bourbon to the Skaalvenn lineup.

In 2020 we opened our cocktail bar…

We always make sure our employees have access to the best healthcare plan we can possibly afford with no deductibles and low total out of pocket expenses. Our spirits cost just a little more because we believe our employees should never have to think twice about the cost of going to the hospital or seeing a specialist.

Our employees come first because we have: No investors. No shareholders. No outside interests.

Our awesome employees past and present are the reason Skaalvenn Distillery is still in business.

Thank you for buying local, we all really appreciate it!

-Tyson & Mary Schnitker

Sole owners of Skaalvenn Distillery”

8601 73rd Ave North #14, Brooklyn Park, MN 55428

763-762-7861

https://www.skaalvenn.com/

Market Tidbits

Curious what the market is like right now? Check out this weekly report from Minneapolis Area Realtors!

Weekly Market Activity Report for Week Ending August 29

Mortgage rates edged higher this week, with the 30-year fixed-rate mortgage averaging 6.71% as of September 3, according to Freddie Mac. This is up from 6.66% the prior week and 6.50% a year ago. Purchase demand has remained relatively stable, indicating steady interest from buyers adapting to evolving market conditions despite rates hovering near multi-year highs.

In the Twin Cities region, for the week ending August 29:

  • New Listings increased 15.9% to 1,391
  • Pending Sales decreased 5.6% to 908
  • Inventory increased 9.6% to 11,947

For the month of July:

  • Median Sales Price increased 3.3% to $408,000
  • Days on Market remained flat at 40
  • Percent of Original List Price Received decreased 0.2% to 99.1%
  • Months Supply of Homes For Sale increased 7.1% to 3.0

FULL REPORT

Source: https://www.mplsrealtor.com/news/2026/weekly-market-activity-report-for-week-ending-august-29-2/

Go Local

It’s nearly time for The Great Minnesota Get-Together! What’s your favorite thing to do?

We love the egg rolls….and the seed art…and sooo much more! We plan to attend on the 26th – if you see us, make sure to wave or say hi!

Here’s a link to view the new food this year. Sometimes I use this list to find out which places I want to go visit in person throughout the year!

https://www.mnstatefair.org/new/food

Market Tidbits

Curious what the market is like right now? Check out this weekly report from Minneapolis Area Realtors!

Weekly Market Activity Report for Week Ending August 1

Over the past four weeks, the U.S. real estate market entered a typical summer slowdown exacerbated by borrowing pressures as average 30-year fixed mortgage rates spiked to a high of 6.66%. Despite these elevated rates tightening buyer budgets, underlying demand held firm, with pending home sales marking an eighth consecutive month of year-over-year growth at the national level.

In the Twin Cities region, for the week ending August 1:

  • New Listings increased 9.3% to 1,691
  • Pending Sales increased 2.1% to 1,029
  • Inventory increased 6.9% to 11,550

For the month of June:

  • Median Sales Price increased 2.1% to $410,000
  • Days on Market increased 7.7% to 42
  • Percent of Original List Price Received decreased 0.4% to 99.6%
  • Months Supply of Homes For Sale increased 7.4% to 2.9

FULL REPORT

Source: https://www.mplsrealtor.com/news/2026/weekly-market-activity-report-for-week-ending-august-1-2/