No Comments

February 2022 Housing Report

Inventory Shrinks as Prices and Interest Rates Rise

Closed sales and new listings were down in February
MINNEAPOLIS (March 10, 2022) — Shrinking inventory and increasing prices pushed closed sales down 12.9% over the previous February. New listings were down 8.5% compared to last year, with just 5,801 homes added to the market. Despite this, consumer demand remained high, with the median sales price rising 7.8% to $304,500, and the average price hitting $353,409, up 10.3% over last year. Sellers were receiving 99.7% of their asking price as the statewide supply of homes plummeted 21% to just 6,606 units. As inflation nudged interest rates up to 4.45% for a 30-year fixed-rate mortgage, the affordability index—which measures whether an average family earns enough to qualify for a loan on a typical home—sank 11.6% over last year.

“We simply don’t have the inventory levels necessary to meet demand,” said Chris Galler, CEO of Minnesota Realtors. “The combination of a falling Affordability Index and rising interest rates is causing significant problems for first-time homebuyers who have been counting pennies and waiting anxiously to purchase a home of their own. Realtors across the state are working to help counsel home purchasers and make them aware of these unique market dynamics.”

February year-over-year summary of key market indicators:

  • Closed sales decreased 12.9% to 3,919
  • Median sales price increased 7.8% to $304,500
  • Average sales price increased 10.3% to $353,409
  • New listings decreased 8.5% to 5,801
  • Pending sales decreased 10.2% to 5,237
  • Days on the market decreased 6.3% to 45 days
  • Homes for sale decreased 21.0% to 6,606background_53_1643815.jpg

Closed Home Sales Across Minnesota by Region

In February, closed sales declined in 10 regions compared to a year ago, bringing Minnesota’s average number of closed home sales down 12.9% year over year. Three regions reported increases, with Southwest Central marking double-digit gains, at 11.1%Southeast at 5.9%, and Southwest at 1.6%. Eight regions saw double-digit declines in closed home sales. The largest of these were West Central, down 27.4%, East Central, down 18.1%, and Northwest, down 17.6%. See the chart below for more details comparing closed home sales for February 2022 to February 2021.

The seven-county Twin Cities region comprises Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington counties. The official Minneapolis-St. Paul-Bloomington metropolitan statistical area recognized by the Census Bureau consists of 16 counties, on
which MAR & SPAAR local associations report
.View full regional and county reports here.

View statewide report here.

About Minnesota Realtors®

Minnesota Realtors® (MNR) is the membership organization supporting all 22,000 Realtors® in the state of Minnesota. MNR is dedicated to helping Realtors® succeed in providing comprehensive and informed guidance to their customers seeking to buy or sell a home. MNR provides Realtors® with a code of ethics, continuing education, real estate transaction forms, legal services and dispute resolution, as well as lobbying and advocating for homeownership rights and the real estate industry. MNR works in partnership with the National Association of Realtors, as well as more than 15 affiliate regional associations within Minnesota. MNR is a non-profit organization founded in 1919, with headquarters in Minnetonka, Minnesota, and a branch office in St. Paul, Minnesota.

No Comments

Brighten Your Home With House Plants

Want to add extra life to your home? Brighten any space with plants! Not only will they brighten your home but studies have shown they reduce stress, boost your mood, and increase your productivity!

Here are plants to brighten every room of your home:

Bathroom – Spider plant

Spider plants can be in any room, but love the humidity! Try sticking a spider plant in a well-lit bathroom window. Water well, and make sure the plant doesn’t get too soggy.

Bedroom – Snake Plant

Similar to the spider plant, snake plants can actually be in any room, since they are not a fussy plant, but their dazzling bright green stems will inspire you every morning!

Kitchen – Pothos Plant

Pothos are great for your kitchen because they won’t take up precious counter space. They do well in a hanging basket and like moderate light.

Living room – Money Plant (aka Pilea peperomioides) 

These circular buddies will bring so much joy to your living space! They prefer indirect light and should be watered once a week (spring-fall).

Office – Aloe plant

Aloe plants make a great office buddy because they’re pretty low-maintenance. They don’t need direct sunlight, preferring indirect light. Remember that aloe plants are succulents and should only be watered every 2-3 weeks.

No Comments

Spring Tips To Transform Your Home’s Exterior

As spring approaches and your yard emerges from beneath the snow, it’s a good time to start planning outdoor improvement projects. Whether you want to enhance curb appeal for a future sale or simply make your yard and house exterior more aesthetically pleasing, we’ve got proven tips to fit every budget, timeline, and level of expertise.  

Basic Improvements 

Paint the Siding and Trim 

Few improvements are more transformative than a fresh coat of paint. Save time and get excellent results by contracting a professional painting crew. Depending on the size of your home, an exterior paint job typically ranges from $1,700 to $5,000. If you don’t know a painter, your Realtor® should be able to provide a recommendation. 

Spruce Up the Yard 

Wake up that winter-weary matt with a hearty dose of fertilizer and reseed or cover any bare spots in new sod. If weeds are a concern, but you don’t want to use harsh chemicals, consider some of these all-natural weed-management techniques. Be sure to trim the bushes and hedges, cut dead branches from trees, and restore decorative gardens with fresh mulch and vibrant plants and flowers. 

Revive the Driveway 

The driveway is most visitors first point of contact with your home. Make a good impression by repairing cracks, and killing any weeds sprouting in-between. If the asphalt is faded, a fresh coat of sealcoat is fast and transformative. If your driveway is made from pavers, check to be sure none are loose or damaged. 

Pro Tip: Add a little eye candy with bordering plants and flowers. 

 

Replace or Repair Old Gutters and Downspouts 

Stained, dirty, or clogged gutters create a dingy, dilapidated look that makes a bad impression on visitors or buyers. If your gutters and downspouts are in sorry shape, factor repairs or replacement into your budget. Beyond aesthetics, they have functional utility that impacts the health of your home, from gardens and lawn to the foundation. 

 

Go by the Numbers (and then replace them) 

Inspect the entry to your home with fresh and discerning eyes. Are any house numbers damaged, crooked or missing? Is the porchlight a dusty graveyard for moths? Are the doorknob and entry lockset faded, chipped or rusted? Is the door scuffed, scratched and in need of paint? Is the wall-mounted mailbox dented and faded? Take an inventory and prioritize repairs and replacement. These small investments make a world of difference to the presentation of your home. 

 

More Ambitious Upgrades 

Turn the Front Porch into an Outside Room 

Make your porch an inviting outdoor space by adding comfortable chairs, small tables, and stands or urns with plants and flowers. Hanging plants also add color and life. Create a place where that makes it easy and pleasant to socialize with neighbors, friends and family. 

Install Window Boxes 

Window boxes add splashes of color and greenery that bring your exterior to life. Available in a variety of materials—wood, terracotta, iron, copper, and more—they complement your home’s colors and play off its lighting. Whether you want a cozy cottage look or a something more fitting for French manor, window boxes are the perfect finishing touch. 

Turn Bare Walls into Living Canvases 

Got a bare side wall that’s home to an ugly collection of gas lines and an air-conditioning unit? Give it a quick makeover that transforms it into a garden oasis. With a few pre-planted decorative containers, you can reclaim a forgotten space and turn it into one of the highlights of your property. Pro Tip: Stagger the containers in an asymmetrical arrangement for an artistic look. Choose containers made from earthy natural materials like wood, terracotta and ceramic. 

Plant a Mailbox Garden 

Encircle your lonely curbside mailbox with a bed of flowers and ground-hugging plants. For a relatively small investment of time, effort, and materials, you can create an inviting entrance that captures attention, sets your home apart with an evocative splash of beauty. Pro Tip: Paint the post to match the color palette of your flowerbed. If your mailbox is worn or damaged, replace it with something colorful and new. 

Show Stoppers and Curb Poppers 

Build a Walkway 

Tear up the dull concrete path to your front door and install brick, stone or colored concrete pavers. Although this can be a costly undertaking, it adds a stately, sophisticated touch that elevates the presentation of your home.

Pro Tip: Accent your walkway with border gardens and a variety of flowering and ground-covering plants. 


Create a Sculpture Garden
 

Even a modestly sized backyard becomes a private park with the addition of artistic elements like sculptures, fountains, and boulders. Each of these can become the focal point of a nook or cove within a grove of trees, cluster of bushes, or planted mound. Set a bench in a shady area nearby where you can spend peaceful moments in a your own secluded refuge. 

 

Install Outdoor Lightning 

Add a little stagecraft to your property by illuminating a walkway or accenting trees and gardens. Although reasonably priced, solar-power lights can be obtained from many stores, a professional installation ensures better quality and design options.

Pro Tip: Light fixtures should be subtle additions that are not readily visible in the daylight. Camouflage them with plants, rocks, and other natural features. 

Erect a Garden Gate or a Pergola 

Create a dramatic entrance to a garden with an arched gateway. Or add an intimate gathering space with an elegant wooden pergola. Highlight the effect of either of these elements by training flowering vines that add both shade and beauty.

 

Source: MNR News

No Comments

January 2022 Housing Report

Closed sales are down as new listings decline.

MINNEAPOLIS (February 10, 2022) — Strong buyer demand and a shrinking number of homes for sale in Minnesota drove prices up in January. Closed sales of residential homes were down 9.9% compared to January 2021, while inventory plummeted 24.3%. As homebuyers competed in a tight market, the median price rose 8.5% to $295,000. The affordability index, which measures whether a typical family earns enough income to qualify for a mortgage loan on the average home, was down 15.4% over last year. New listings dropped 11.2% and there were only 6,631 homes for sale across the state, 24.3% less than a year ago. It is still a seller’s market, as homeowners received 98.7% of their asking price, an increase of 0.4%.“As the year opens, inventory shortages continue to frustrate many buyers. And those that do close on homes are paying significantly more,” said Chris Galler, CEO of Minnesota Realtors. “Affordability is a significant concern as home prices increase faster than wages. Also, the Federal Reserve has indicated they will increase interest rates in the next few weeks. Higher interest rates, higher home prices and low inventory levels will challenge many first-time home buyers trying to enter the marketplace.”

January year-over-year summary of key market indicators:

  • Closed sales decreased 9.9% to 4,365
  • Median sales price increased 8.5% to $295,000
  • Average sales price increased 9.0% to $338,754
  • New listings decreased 11.2% to 4,791
  • Pending sales decreased 10.9% to 4,497
  • Days on the market decreased 10.9% to 41 days
  • Homes for sale decreased 24.3% to 6,631

May be an image of text that says 'Homes for Sale 6,631 -24.3% vs Jan. 2021 Median Sales Price $295,000 8.5% vs Jan. 2021 Minnesota Realtors® Jan. 2022 Housing Report Days on Market Closed Sales 4,365 -9.9% vs Jan. 2021 41 -10.9% vs Jan. 2021'

Closed Home Sales Across Minnesota by Region

In January, closed sales declined in 11 regions compared to a year ago, bringing Minnesota’s average number of closed home sales down 9.9% year over year. Two regions reported increases, with Southwest Central marking double-digit gains, at 10.4%and South Central at 7.8%. Seven regions saw double-digit closed home sale declines. The largest of these were North Central, down 40.9%, East Central, down 24.6%, and Northwest, down 24.4%. See the chart below for more details comparing closed home sales for January 2022 to January 2021.The seven-county Twin Cities region comprises Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington counties. The official Minneapolis-St. Paul-Bloomington metropolitan statistical area recognized by the Census Bureau consists of 16 counties, on which MAR & SPAAR local associations report.

No Comments

2020 vs 2021 Housing Market

The 2021 real estate market was seen as a continuation of the 2020 seller’s market, with less availability and higher prices.

Compared to 2020 inventory, the number of homes sold in 2021 decreased ever so slightly. The median sale price in 2021 of $339,900 grew compared to 2020 median sale price of $305,000. That’s  an increase of 11.4% in sales price in 2021  compared to 2020 of just 8.9%.

Sellers also saw an increase in the percentage of their home’s list price in 2021, averaging 101.9% of their asking list price (compared to 99.8 for 2020).

With less inventory on the market (compared to year over year), there was less 1 months inventory (.8 of a month) on the market, compared to 2021 of 1.1 months of inventory.

To find out what the local conditions are like within your city, feel free to reach out to us as Cushman Realty for a complimentary market analysis of your home.

No Comments

Mortgage Tips

In today’s hot housing market, buying a home can feel like a brutally competitive reality show. In the rush to snag a dream home before someone else gets it, many first-time home buyers overlook a critically important factor—the mortgage.

It’s a big mistake that can cost you tens of thousands of dollars over the lifetime of your loan. But with a little planning, prioritizing, and smart shopping, you can find a mortgage that fits your budget and leaves you enough cash to pursue all your 
other American dreams.

Get Your Finances in Order
Months before you start browsing house listings, open a spreadsheet and analyze your finances. When you have a solid sense of your income, assets, and debt load, start talking to lenders. They can provide solid guidance on how to raise your credit score, and make a good financial impression on the loan underwriters. Although you might need some extra time for paying down debt, you’ll emerge with a better credit score, and qualify for a mortgage that can save you big bucks. 

Do Some Smart Shopping 

Congratulations. You found an incredibly low interest rate and you’re ready to leap! 

But before you do, check out the annual percentage rate (APR) on the loan estimate provided by the lender. There you’ll find closing costs and other fees bundled with the interest rate. This helps you understand what you’ll actually pay each month on your mortgage. Plus, it gives a meaningful point of comparison for considering other loans. In some cases, you’ll find that a slightly higher interest rate works out better because it carries lower fees. Moral of the story: shop around! 

Beware “Free Lunches”

Some lenders like to sweeten the deal with tempting offers to comp your closing costs or pay your mortgage insurance. But it’s all just a shell game. They fold those “freebies” into your loan and spike your interest rate by as much as a quarter point. That said, reputable lenders do occasionally run legitimate promotions where they discount their origination/application fees. You can verify the offer by checking to make sure those discounts are genuine and the fees are not simply rolled into your loan. 

Know What You Can Afford (vs. what you can borrow)

The amount you are qualified to borrow is based your debt-to-income ratio. This crude calculation looks at total monthly income versus the dollars you pay servicing debts like car loans and other big-ticket items. It doesn’t account for your gym membership; music lessons for the kids; online-shopping sprees; and weekly trips to that boutique food market. 

To get a realistic picture of what you can afford to pay every month, you need to track all those necessities and lifestyle expenses. Otherwise, you might find yourself feeling perfectly poor in your perfect new home. 

Extract the Facts from Your Loan Estimate

Forests of trees are axed to assemble loan documents, but you don’t have to get buried in them. Here are the six facts you need to gather from the loan estimate:

  1. Interest rate
  2. APR
  3. Monthly payment
  4. Loan terms
  5. Total loan cost
  6. Cash required at closing

Lastly, be sure to carefully review the closing document you’ll receive just days before closing. If you notice any different fees or costs, contact your lender right away. Even a fraction of a difference in the interest rate can tack on thousands of dollars over the term of the loan. 

To learn more about the art and science of mortgage shopping, check out Five Newbie Mortgage Mistakes that Are Soooo Easy to Avoid. 

No Comments

2021 Twin Cities Housing Report

 Tags: Market DataPress Releases

 

Tight Supply And Record Demand Pushed Prices Higher, Market Times Lower And Sapped Inventory

Minneapolis–Saint Paul, Minnesota (January 24, 2022) – In 2021, housing demand reached a 20-year high while the number of homes for sale hit a 20-year low, according to an annual report issued by Minneapolis Area REALTORS® and the St. Paul Area Association of REALTORS®. That dynamic has been driving virtually every other housing indicator. For sellers, the year brought record prices, blazing fast market times, offers over asking price and a thin market where their homes stood out. 

“While the year was undeniably strong, we did see sales activity slow and price gains moderate in the second half of the year,” said Mark Mason, President of the Saint Paul Area Association of REALTORS®. “Ten percent price growth or higher simply isn’t sustainable long term. But we do expect the landscape to remain competitive in 2022 after not knowing what to expect the last couple years.” 

For buyers, motivation from historically low mortgage rates, a desire for more space for remote work and learning, and an economy recovering from the pandemic crashed right into the supply shortage. These factors have caused some buyer fatigue and raised affordability concerns. The supply-demand imbalance has created a competitive environment where multiple offers are commonplace. 

“Some aspiring buyers grew frustrated with a market favoring sellers. I worked with several buyers who wrote upwards of five offers but we kept losing out, particularly in the more affordable segments,” said Denise Mazone, President of the Minneapolis Area REALTORS®. “The [housing] shortage is so persistent. We need about five to six times our current inventory levels just to reach a balanced market. That said, these low mortgage rates have partly offset the effect of rising prices on monthly payments.” 

While single family homes make up most of our market, sales of townhomes and condos rose ten times as fast. Labor constraints and supply chain disruptions meant builders listed fewer—and buyers closed on fewer—newly built homes than in 2020. Despite some concerns around forbearances, lender-mediated activity (foreclosures and short sales) declined significantly from already low levels to about half a percent of all sales. 30-year fixed rates started the year at 2.65 percent and ended at 3.1 percent, though they’ve already touched 3.45 percent in 2022 given rising inflation. That could dampen demand in 2022 and restrain price growth which, if combined with an increase in listings, may start to impact market balance. We’ve been in a seller’s market for 10 straight years; perhaps a shift in the power balance is just what disheartened buyers need. 

2021 By The Numbers Compared To 2020 

  • Sellers listed 75,536 properties on the market, a 1.1 percent decrease from 2020 
  • Buyers closed on 66,319 properties, up 2.7 percent (65,937 pending sales, up 0.2 percent) 
  • The Median Sales Price rose 11.4 percent to $339,900
  • Inventory levels fell 26.4 percent to 6,742 units on average over the last 12 months 
  • Months Supply of Inventory was down 33.3 percent to 1.2 months on average (5-6 months is balanced) 
  • Days on Market decreased 34.9 percent to 28 days, on average (median of 11, down 38.9 percent) 
  • Changes in Sales activity varied by market segment 
    • Single family sales were up 0.8 percent; condo sales grew 25.1 percent; townhome sales increased 2.6 percent 
    • Traditional sales rose 3.5 percent; foreclosure sales were down 53.1 percent; short sales fell 51.7 percent 
    • Previously owned sales increased 3.7 percent; new construction sales fell 6.2 percent 
    • $1M+ luxury sales surged 50.6 percent to a record high 

Charting The Market

Seller activity (new listings) was down slightly from 2020 and reached its lowest level since 2014 despite record sales. Some drivers include hesitance around showings during a pandemic, having no place to go, refinancing to a lower rate, weak new construction activity and Baby Boomers aging in place instead of listing their homes. Disheartened buyers have been thirsty for more inventory for years.

 

 

 

 

Housing demand has rocketed higher over the last two years. Buyers were motivated by a desire for more space to work and learn from home, historically low interest rates, more options due to remote work and maybe even a fear of missing out. The condo and luxury $1M+ sub-markets outperformed other market segments. Sales would’ve undoubtedly been higher if we had sufficient supply.

 

 

 

 

With supply at a 20-year low and demand at a 20-year high, it’s no surprise the median sales price rose to set a new record. Home prices have risen 126.6% from their low point in 2011 and 47.8% from their prior 2006 peak. Rising prices boost equity and theoretically should motivate some reluctant sellers. But it also gives rise to affordability challenges.

 

 

 

 

Inventory levels declined almost every year since 2007, bringing housing supply levels down 84.4% from their peak. On average, buyers had 6,800 options during the year and nearly 9,000 in September. This supply-side constraint has led to bidding wars and rising prices. The shortage has frustrated some buyers—particularly at the entry-level price points. More supply is vital to market health and to increase housing opportunities.

 

 

 

 

Multiple offers—often above asking price—has allowed sellers to yield 101.9% of their asking price. That varied by area, property type and price point. Sellers find that listings stand out in an undersupplied market. Proper pricing was still important for motivated sellers. But a historic high for this ratio of sold to list price reflects highly motivated buyers as well as the imbalance between supply and demand.

 

 

 

 

Homes are selling at the fastest pace on record. Between May and July, half the homes sold in under a week, but more like 11 days for the year. That’s down 90.5% from 2008. Here again the inventory shortage and historic demand meant buyers pounce on attractive listings right away. Homes didn’t linger on the market for long. Even so, more homes selling in record time and at record prices couldn’t entice more sellers onto the dance floor.

 

For the full detailed report see link below:

http://marketstatsreports.showingtime.com/MAAR_04cpm/MAAR_ANN_2021_revised.pdf

No Comments

December 2021 Housing Report

Competition for scarce stock pushes median price up
MINNEAPOLIS (January 12, 2022)
 — Marking a chilly end to a hot year in the Minnesota housing market, closed sales of residential homes were down 4.0% compared to December 2020. As new listings sank 14.3% over the previous year, buyers continued chasing diminishing inventory, driving up the median sales price by 8.0% to $300,000. The average home sold within just 36 days, that is six days faster than the 42-day average in December 2020. Sellers were still well positioned to benefit from buyer demand, receiving 98.7% of their asking price, a 0.2% increase over last December. As the year closed, there was barely a month’s supply of homes in the state’s housing stock—down nearly 25% from December 2020.“As 2021 ends, we see the return of a normal seasonal cycle. Gaps compared with the previous year reflect the remarkably high volume of sales in December 2020. Seen in the larger historical context, 2021 ended on a high and healthy note,” said Chris Galler, CEO of Minnesota Realtors. “The increasing median and average price for homes reflects the fact that buyers are still actively competing for properties. Limited inventory will continue for the foreseeable future due to escalating construction costs, labor and materials shortages, zoning requirements and regulatory burdens. As buyer demand increases, home prices will rise. Even if interest rates go up in the spring, these initial increases are unlikely to diminish Minnesotans’ appetite for buying homes in 2022.”

December year-over-year summary of key market indicators:

  • Closed sales decreased 4.0% to 7,137
  • Median sales price increased 8.0% to $300,000
  • Average sales price increased 9.4% to $351,135
  • New listings decreased 14.3% to 3,591
  • Pending sales decreased 12.4% to 4,595
  • Days on the market decreased 16.3% to 36 days
  • Homes for sale decreased 24.5% to 7,121

Closed Home Sales Across Minnesota by Region

In December, closed sales declined in nine regions compared to a year ago, bringing Minnesota’s average number of closed home sales down 4.0% year over year. Four regions reported increases, with three areas marking double-digit gains: South Central at 22.1%Northwest at 14.0% and West Central at 10.2%. By contrast, four regions marked double-digit closed home sale declines: Headwaters down 20.0%, Southwest down 19.4%, Southwest Central down 15.6%, and Arrowhead down 14.6%. See the chart below for more details comparing closed home sales for December 2021 to December 2020.

The seven-county Twin Cities region comprises Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington counties. The official Minneapolis-St. Paul-Bloomington metropolitan statistical area recognized by the Census Bureau consists of 16 counties, on
which MAR & SPAAR local associations report
.
No Comments

5 Radon Facts

Although Minnesota is blessed with an abundance of clean air and water, a silent hazard lurks in the state’s rocks and soil. Produced from decaying uranium and radium, radon gas is present in Minnesota homes at three times the average level in the United States. Fortunately, steps can be taken to detect and mitigate.

Following are five facts about radon, and some resources for taking action.

1. What is Radon?
An odorless, colorless, radioactive gas that is a widespread health hazard in Minnesota.

2. Is Radon Bad for Health?
According to the U.S. Environmental Protection Agency (EPA), radon exposure causes 21,000 lung cancer deaths a year. 40% of Minnesota’s homes have elevated levels of the gas.

3. All Homeowners Should Test for Radon
Although the Minnesota Department of Health (MNDOH) recommends that all homeowners test for radon, it is not legally required. According to the EPA, radon levels of 4.0 picocuries (pCi/L) and above are hazardous to human health.

4. Radon Mitigation Systems Are Highly Effective

If testing reveals elevated levels of radon, installing a mitigation system is a highly effective way to reduce the threat. However, there are no federal or state laws requiring homeowners to do so.

5. Home Sellers Must Disclose the Presence of Radon

The Minnesota Radon Awareness Act requires homeowners to disclose any knowledge of radon concentrations in writing to any potential buyer. 

What You Need to Know About Radon Testing and Mitigation 

Testers must be licensed

As of January 2019, a new Minnesota law required all professional radon testers to get a state license and abide by stringent testing guidelines. 

What happens during a professional radon test?

The Minnesota Radon Licensing Act requires radon-testing professionals “to produce accurate, defensible, and reproducible test results.” For the most precise reading, separate tests are performed for each unique foundation type on your property: 

  • Basement 
  • Crawlspaces 
  • Slab-on-grade spaces below enclosed porch
  • Other areas as required 

Radon testers also must produce detailed reports about the type of equipment used, specifics about testing locations, internal and external environmental conditions during the test, and other factors. 

How much does a radon mitigation system cost?

When dangerous levels are discovered, MNDOH highly recommends installing a radon-mitigation system. These systems cost from $1,200 to $2,500 and can be installed by one of the nationally certified radon-mitigation professionals listed on MNDOH’s Radon Service Providers page. 

To learn more, visit the Radon page on the MNDOH website.