The numbers are out from the Minneapolis Association Area Association of Realtors for the week ending May 25, 2013.
In the Twin Cities region, for the week ending May 25:
• New Listings increased 29.8% to 1,799
• Pending Sales increased 18.8% to 1,382
• Inventory decreased 24.6% to 14,169
What’s in a price of a home? Have you wondered why some homes are listed at $399,900, some at $125,867, some at $276,999? Believe it or not many of these “odd number” prices are not just arbitrary but rather carefully thought out, cultural or region specific. Trulia looked into the many ways home prices are determined and come up with some interesting statistics. For starters, 9 is by far the most popular last digit, while a 1 is rarely used as the last digit. Click here to see the entire article. Find out what’s in the price of a home really.
The numbers for the Twin Cities Market are out for the week ending August 11, 2012. Summer is about to wrap up which means that the housing market will be tested to see if the upward trend can continue into the fall.
In the Twin Cities region, for the week ending August 11:
• New Listings increased 2.0% to 1,387
• Pending Sales increased 31.2% to 1,149
• Inventory decreased 29.6% to 16,982