The Minneapolis Area Association of Realtors has released the market statistics for the Twin Cities for the week ending June 22, 2013.
In the Twin Cities region, for the week ending June 22:
• New Listings increased 28.9% to 1,797
• Pending Sales increased 14.1% to 1,214
• Inventory decreased 18.2% to 15,195
Guess who made the first page of the Top 500 Power Broker List? You betcha – RE/MAX Results! RE/MAX Results is ranked 15 in transactions, 22 in sales and when rounding out the top 20 brokerages on the 2013 RISMedia Power Broker Report, RE/MAX Results is NUMBER ONE in per associate transactions with an average of 22 units per associate.
Click here to view the full report!
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