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Market Statistics

March 14, 2013 |  Article By :   | 

The Minneapolis Area Association has released the current market statistics for the week ending March 2, 2013 and for the month of February 2013.  The number of buyers is still on the rise and the number of properties for sale continues to decline which is really becoming a problem.

In the Twin Cities region, for the week ending March 2:
• New Listings increased 0.9% to 1,422
• Pending Sales increased 12.0% to 1,001
• Inventory decreased 31.0% to 12,371

For the month of February:
• Median Sales Price increased 15.5% to $160,000
• Days on Market decreased 22.2% to 112
• Percent of Original List Price Received increased 3.4% to 93.7%
• Months Supply of Inventory decreased 40.8% to 2.9

Market Statistics

November 14, 2012 |  Article By :   | 

The Minneapolis Area Association of Realtors has released the latest housing market statistics for the Twin Cities.

In the Twin Cities region, for the week ending November 3:
• New Listings decreased 1.0% to 1,125
• Pending Sales increased 25.3% to 930
• Inventory decreased 27.7% to 15,434

For the month of October:
• Median Sales Price increased 14.8% to $174,995
• Days on Market decreased 25.0% to 103
• Percent of Original List Price Received increased 3.5% to 94.4%
• Months Supply of Inventory decreased 41.0% to 3.7

Twin Cities Housing Market

September 20, 2012 |  Article By :   | 

The Minneapolis Area Association of Realtors has put out the Twin Cities Housing market statistics for this week.  These statistics are still positive but we are now heading into the slow time of the year so time will tell if conditions hold or not.

In the Twin Cities region, for the week ending September 8:

• New Listings increased 2.2% to 1,273
• Pending Sales increased 24.2% to 940
• Inventory decreased 29.6% to 16,458

For the month of August:

• Median Sales Price increased 15.2% to $178,600
• Days on Market decreased 24.0% to 107
• Percent of Original List Price Received increased 4.2% to 95.1%
• Months Supply of Inventory decreased 42.0% to 4.1

Twin Cities Market

September 6, 2012 |  Article By :   | 

We are converging upon an interesting wait-and-see season in residential real estate in th Twin Cities Market. All year long, we have witnessed some rather positive year-over-year decreases in inventory numbers and increases in sales, percent of original list price received at sale and median sales price. After many years of struggling to tread water – and, indeed, often failing to do so – there is hope. With quieter autumnal and winter months looming, we will be giving extra scrutiny to the trend lines in the weeks to come.

In the Twin Cities Market, for the week ending August 25:

• New Listings increased 1.3% to 1,282
• Pending Sales increased 19.4% to 1,027
• Inventory decreased 29.9% to 16,785

Information from the Minneapolis Area Association of Realtors