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Housing Market Update - April 2011
Friday, April 15, 2011
APRIL 2011 - Housing Market Update Friday, April 15, 2011
HOUSING MARKET UPDATE
Coldwell Banker Burnet
Information from THE THING, Interactive Market Analytics from the Minneapolis Area Association of RealtorsWe will look at six statistical charts that define today's housing market. The information is provided by our local MLS provider and is specific to the St.Cloud area. Even though today's market is at a low point (comparable to 2000) the downward trend is flattening. Supply is declining, the number of days on market is on the decline, sellers are generally capturing 90% or better of their listed price and the falling median sales price is leveling. Here is a closer look:MEDIAN SALES PRICE OVERALL DOWN 3.7%

 
Median Sales Price: The median sales price for all closed sales in a given month, sold properties only. The median sales price is down 3.7% compared to last year during the same time period. The upper price brackets have improved slightly (1.6%).PERCENT OF ORIGINAL SALES PRICE SLID .05%.
Percent of Original List Price: The average percentage found when dividing a property's sales price by the original list price, sold properties only.DAYS ON MARKET GOOD NEWS WE ARE ... more

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