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Market Statistics

April 11, 2013 |  Article By :   | 

The Minneapolis Area Association of Realtors has released the Twin Cities market statistics for the week ending March 30th, 2013.  Buyers are still out in full force and inventory continues to decline!

In the Twin Cities region, for the week ending March 30:

• New Listings decreased 12.1% to 1,349
• Pending Sales increased 12.0% to 1,210
• Inventory decreased 29.6% to 12,909

For the month of March:

• Median Sales Price increased 17.4% to $176,000
• Days on Market decreased 24.3% to 109
• Percent of Original List Price Received increased 3.1% to 95.0%
• Months Supply of Inventory decreased 40.0% to 3.0

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