Weekly Market Activity Report
By Erin Milburn on Monday, February 25th, 2013
Here's an oldie but goodie: All Real Estate is Local. We've all heard it. It's why industry insiders don't pay much attention to national housing statistics. The national housing market is just an agglomeration of local housing
markets. It's like saying there is a national garage sale market. They're all local. You don't grab an umbrella in Miami based on the weather forecast in Seattle. So why would someone in San Francisco base a home sale or purchase decision on market data from Boston? Here's your data for your local housing market.
In the Twin Cities region, for the week ending February 16:
• New Listings decreased 4.9% to 1,196
• Pending Sales increased 7.9% to 916
• Inventory decreased 31.0% to 12,309
For the month of January:
• Median Sales Price increased 14.3% to $160,000
• Days on Market decreased 24.1% to 107
• Percent of Original List Price Received increased 2.5% to 93.5%
• Months Supply of Inventory decreased 40.0% to 3.0
- Sellers: flat. Buyers: down. Prices: up.
- Good news for sellers may finally be luring them into the market
- Long-Term Price Trend
- Q2 – 2018 Home Payment Report
- Slightly less activity yet higher prices in less time
- Mixed Spring: Activity cools while prices, market times remain hot
- Congratulations to our 2018 Scholarship Recipients
- Q1 – 2018 Home Payment Report
- What’s this about 4-Plexes in Minneapolis?
- Sales down in early spring market while prices rally