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Weekly Market Report

MightyAgent New Feed — Tue, 15 May 2012 12:42:21 +0000

If only there were a system of grand, colorful lights for tracking residential real estate. Green for rising market, yellow for a transitional market and red for declining market. Let's see if we can try to determine today's market without the ease of well-known signals. Prices are bottoming and starting to rise. Buyer activity is showing year-over-year gains. Homes are selling faster and closer to list price. Multiple offers are becoming commonplace. Inventory levels are leaning toward the seller. Green means go.
In the Twin Cities region, for the week ending May 5:
New Listings decreased 6.6% to 1,643
Pending Sales increased 41.9% to 1,232
Inventory decreased 28.3% to 17,579
For the month of April:
Median Sales Price increased 12.1% to $162,500
Days on Market decreased 15.1% to 135
Percent of Original List Price Received increased 3.6% to 93.4%
Months Supply of Inventory decreased 43.1% to 4.7
Click here for the full Weekly Market Activity Report.
From The Skinny.

Weekly Market Report

MightyAgent New Feed — Mon, 23 Apr 2012 20:15:18 +0000

Job growth, low mortgage rates, rising rents and a relatively inexpensive housing stock. These are just some of the playful teases in the burlesque revue that is today's market recovery. Another week passed with buyers displaying no signs of slowing down. In general, sellers are discovering a less-intimidating scene, and buyers are reveling in the showy marketplace. As expected, spring's warming glow continues to fuel optimism and consumer activity. But that won't necessarily be the case in every area or segment, so do your research before making that move.
In the Twin Cities region, for the week ending April 14:
New Listings decreased 9.5% to 1,637
Pending Sales increased 25.5% to 1,170
Inventory decreased 27.8% to 17,384
For the month of March:
Median Sales Price increased 7.1% to $149,900
Days on Market decreased 9.6% to 145
Percent of Original List Price Received increased 3.8% to 92.1%
Months Supply of Inventory decreased 38.0% to 4.7
Click here for the full Weekly Market Activity Report.
From The Skinny.

Weekly Market Report

MightyAgent New Feed — Mon, 23 Apr 2012 20:14:07 +0000

Job growth, low mortgage rates, rising rents and a relatively inexpensive housing stock. These are just some of the playful teases in the burlesque revue that is today's market recovery. Another week passed with buyers displaying no signs of slowing down. In general, sellers are discovering a less-intimidating scene, and buyers are reveling in the showy marketplace. As expected, spring's warming glow continues to fuel optimism and consumer activity. But that won't necessarily be the case in every area or segment, so do your research before making that move.
In the Twin Cities region, for the week ending April 14:
New Listings decreased 9.5% to 1,637
Pending Sales increased 25.5% to 1,170
Inventory decreased 27.8% to 17,384
For the month of March:
Median Sales Price increased 7.1% to $149,900
Days on Market decreased 9.6% to 145
Percent of Original List Price Received increased 3.8% to 92.1%
Months Supply of Inventory decreased 38.0% to 4.7
Click here for the full Weekly Market Activity Report.
From The Skinny.

Weekly Market Report

MightyAgent New Feed — Tue, 10 Apr 2012 01:14:22 +0000

The weekly scorecard showcases that home buyers were more active compared to the same week last year. Buyers have been taking advantage of an affordable market, but sellers in many areas have been lazing in the tall grass like lions as the herd moves past. Watch for a changing landscape this spring and summer. Even skeptical sellers are sensing a need to get back into the hunt.
In the Twin Cities region, for the week ending March 31:
New Listings decreased 12.1% to 1,532
Pending Sales increased 25.2% to 1,113
Inventory decreased 27.2% to 17,274
For the month of March:
Median Sales Price increased 6.4% to $149,000
Days on Market decreased 10.0% to 144
Percent of Original List Price Received increased 3.7% to 92.1%
Months Supply of Inventory decreased 39.2% to 4.6
Click here for the full Weekly Market Activity Report.
From The Skinny.

Weekly Market Report

MightyAgent New Feed — Tue, 10 Apr 2012 01:13:57 +0000

The weekly scorecard showcases that home buyers were more active compared to the same week last year. Buyers have been taking advantage of an affordable market, but sellers in many areas have been lazing in the tall grass like lions as the herd moves past. Watch for a changing landscape this spring and summer. Even skeptical sellers are sensing a need to get back into the hunt.
In the Twin Cities region, for the week ending March 31:
New Listings decreased 12.1% to 1,532
Pending Sales increased 25.2% to 1,113
Inventory decreased 27.2% to 17,274
For the month of March:
Median Sales Price increased 6.4% to $149,000
Days on Market decreased 10.0% to 144
Percent of Original List Price Received increased 3.7% to 92.1%
Months Supply of Inventory decreased 39.2% to 4.6
Click here for the full Weekly Market Activity Report.
From The Skinny.