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Results For Tag: inventory

Market Statistics

August 8, 2013 |  Article By :   | 

The Minneapolis Area Association of Realtors has just released the statistics for the Twin Cities for the week ending July 27, 2013.

In the Twin Cities region, for the week ending July 27:

  • New Listings increased 19.7% to 1,716
  • Pending Sales increased 18.4% to 1,280
  • Inventory decreased 12.0% to 15,993

Why You Should Sell Now

July 19, 2013 |  Article By :   | 

9043039_sMany homeowners are wondering, “Why sell now”? If the market is getting better shouldn’t we wait? Right now is a great time to sell for many reasons. Some of the better reasons are:

  • Sales prices have increased 14.5% in the past year, so you will get more for your home.
  • Traditional homes sold in just 68 days for 97.7% of their original list price in June 2013.
  • Interest rates are on the rise, right now they are at around 4.5%. The higher they go, the less home buyers can afford.
  • Inventory is still very low but starting to increase slightly. There are 17.2% fewer homes for sale than in June 2012 but 17.4% more than in January 2013.
  • School will be starting again soon and many buyers want to be moved in before the new school year starts, so they need to buy now.

If you are on the fence about selling your home, contact me for a no obligation discussion. Your home may be worth more than you think and I can help you decide if now is the right time for you to sell your home or not!

Market Statistics

June 13, 2013 |  Article By :   | 

The Minneapolis Area Association of Realtors has released the market statistics for the Twin Cities for the week ending June 1, 2013 and for May 2013.

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

• New Listings increased 23.6% to 1,713
• Pending Sales increased 22.8% to 1,180
• Inventory decreased 23.1% to 14,349

For the month of May:

• Median Sales Price increased 15.1% to $194,450
• Days on Market decreased 29.8% to 87
• Percent of Original List Price Received increased 2.5% to 97.0%
• Months Supply of Inventory decreased 30.6% to 3.4

Market Statistics

May 16, 2013 |  Article By :   | 

The numbers are out from the Minneapolis Association Area Association of Realtors for the week ending May 4, 2013.

In the Twin Cities region, for the week ending May 4:

• New Listings increased 10.7% to 1,825
• Pending Sales increased 17.2% to 1,404
• Inventory decreased 28.0% to 13,361

For the month of April:

• Median Sales Price increased 12.0% to $182,000
• Days on Market decreased 28.1% to 97
• Percent of Original List Price Received increased 2.7% to 95.9%
• Months Supply of Inventory decreased 38.0% to 3.1