Weekly Market Report for Minneapolis Real Estate - 10/25/10 04:39 PM
For the week ending October 16, New Listings in the Twin Cities declined only
2.1 percent from the same week last year with 1,424 properties entering the
That's the year-over-year as gap market. That s smallest year over decline in nine weeks, the comparing last year's performance with this continues to close.
Weekly Pending Sales are still stuck around the 600 mark. The 580 purchase
agreements signed for the week translated into a 39.2 percent drop from last
year at this time. That year-over-year decline is nothing new to regular followers
of the Weekly Market Activity Report.
The real story continues … (0 comments)

Weekly Market Report for Minneapolis Real Estate - 10/18/10 07:15 PM
Weekly Market Activity Report
As the mercury inches downward outside, grab your favorite hot beverage and let's review the buyers and sellers weekly dance card. Bear in mind that current activity may look especially slow compared to last year's tax-credit-induced performance.
For the week ending October 9, sellers continued to pick up their tempo by introducing 1,479 new listings to the marketplace. That's only 4.1 percent fewer new homes than last year at this time, as the year-over-year comparison gap continues to narrow. Buyers danced to a slower beat. The 523 pending sales for the week were 44.8 percent fewer than … (0 comments)

Weekly Market Report for Minneapolis Real Estate - 10/12/10 03:49 PM
We're used to seeing housing activity slow down at this time of year. Trouble is,
this seasonal slowdown is amplified when compared to a front-loaded 2010
selling comparably tax-credit-quarter Pending Week of October 12, 2010 season and a strong tax credit driven 4th 2009
selling season. The net effect is that year-over-year changes are comparing an
incentive period to a non-incentive period. Keep that in mind in the coming
weeks when looking over the latest housing market figures.
For the week ending October 2, sellers placed 5.3 percent fewer homes on the
market. In sum, 1,541 new properties came online during … (0 comments)

Weekly Market Report for Minneapolis Real Estate - 10/04/10 06:58 PM
Weekly Market Activity Report
In the Twin Cities metropolitan area, the frost that some of us found on our lawns also kept the housing market in a sort of frozen state. For the week ending September 25, sellers placed 1,382 new homes on the market, which was 19.9 percent fewer than last year at this time. Over the past three months, listing activity has been an average of 9.2 percent under last year's levels.
Buyer activity produced 41.7 percent fewer purchase agreements than last year at this time. There were 616 contracts signed, and as the graph on page 3 illustrates, … (0 comments)

 
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Brad Anderson

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