RE/MAX CEO Margaret Kelly was interviewed on Fox News about the current real estate market in the US. She talks about why inventory is so low and when it may increase, who is buying homes now and why, what about lending standards and the interest rate and more. It is a very informative piece on the “state of the housing market”.

The Minneapolis Area Associatiion of Realtors has released the latest market statistics for the week ending April 20, 2013.  Inventory continues to dwindle and buyers are having a hard time finding a home to buy, prices are rising and this scenario has been playing out for over a year now.

In the Twin Cities region, for the week ending April 20:

• New Listings decreased 4.5% to 1,601
• Pending Sales increased 9.7% to 1,337
• Inventory decreased 28.4% to 13,258

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

The Minneapolis Area Association of Realtors has released the latest market statistics for the week ending March 23.  We are in the midst of spring market, buyers are still out there in large numbers and housing inventory is still declining.

In the Twin Cities region, for the week ending March 23:
• New Listings increased 2.8% to 1,453
• Pending Sales increased 11.9% to 1,116
• Inventory decreased 29.8% to 12,779