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Market Statistics

February 21, 2013 |  Article By :   | 

The Minneapolis Area Association of Realtors has released the latest housing market statistics for the Twin Cities.  The inventory of homes for sale continues to decline, homes priced right are being snapped up by buyers quickly!

In the Twin Cities region, for the week ending February 9:
• New Listings decreased 6.7% to 1,229
• Pending Sales increased 5.3% to 914
• Inventory decreased 31.2% to 12,225

Market Statistics

January 10, 2013 |  Article By :   | 

1259701117693601462xoseluis_xoseluis_grafica1.svg.medAccording to the Minneapolis Area Association of Realtors for 2013, a few things seem likely. Expect interest rates to remain low and rents to rise, which will continue to drive buyer activity. Sellers should return to the marketplace in light of the improvements. Prices should remain firm and show moderate to strong gains. Foreclosure activity and job growth remain wildcards, but momentum is heading in the right direction.

In the Twin Cities region, for the week ending December 29:

• New Listings decreased 40.1% to 358
• Pending Sales decreased 12.6% to 442
• Inventory decreased 30.0% to 12,916

Market Statistics

December 13, 2012 |  Article By :   | 

up graphThe Minneapolis Area Association of Realtors has released the market statistics for the week ending December 1, and for the month of November. All signs continue to be positive and they are optimistic that this trend will continue into 2013.

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

∙ New Listings increased 0.7% to 1,019
∙ Pending Sales increased 18.6% to 977
∙ Inventory decreased 29.0% to 14,260

For the month of November:

∙ Median Sales Price increased 16.9% to $173,000
∙ Days on Market decreased 25.9% to 103
∙ Percent of Original List Price Received increased 3.7% to 94.3%
∙ Months Supply of Inventory decreased 40.6% to 3.4

Market Statistics

December 6, 2012 |  Article By :   | 

The Minneapolis Area Association of Realtors has released the latest market statistics for the Twin Cities for the week ending November 24.Home buyers entered more contracts and homeowners listed more properties than during the same week of 2011. As a whole, 2012 is shaping up to be quite the pivotal year for housing. With 2013 right around the corner, the smart money is monitoring seller concessions, market times, absorption rates and, of course, home prices. The genius money is watching foreclosure listing and sales volumes, delinquency rates and showing activity.

In the Twin Cities region, for the week ending November 24:

• New Listings increased 0.7% to 607
• Pending Sales increased 12.8% to 608
• Inventory decreased 28.8% to 14,546