Twin Cities Weekly Market Activity… by Twin Cities Homes for Sale

 

 

Twin Cities Weekly Market Activity

As of March 29, 2010

 

 

                                                2010                2009                % Change

New Listings                            2,277               1,768               +28.8%

Active Listings                         25,122             26,064               -3.6%

Pending Sales                             950                  862              +10.2%

Days on Market until Sale             142                  157                -9.7%

Percent of Original Price

            Received at Sale              92.3%              89.3%            +3.4%

Supply-Demand Ratio

            (# homes /buyer)              5.39                 5.79              -6.9%

Months Supply of Inventory            5.50                 7.70             -28.6%

 

NEW! Hennepin County price range breakdown for pending transactions:

                                           Current Week       Compared to last Week

$0 - $200,000                             237                                 -2

$200,000 - $500,000                  155                                 -1

$500,000 - 1,000,000                   21                                 -2

Over $1,000,000                           3                                  -1

 

Twin Cities are experiencing a rush of homes coming on the market.  So, competition is increasing for the home sellers. However, the actual pending sales dropped off somewhat.  Perhaps buyers are taking a little longer to find the right home.

 

Contact me for a FREE detailed MARKET ANALYSIS of your home,

Or for FREE comprehensive RELOCATION PACKET.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Contact Marzena M. Melby, GRI, CDPE, Broker/Partner, Counselor Realty, Inc., Licensed REALTOR® in the state of Minnesota at 612-267-6798 or by email.

Visit my website to search homes for sale in the Twin Cities and surrounding areas.

Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Twin Cities Homes 4 Sale Blog does not guarantee, or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Twin Cities Homes 4 Sale Blog represent the opinions and ideas of the author. Twin Cities Homes 4 Sale Blog does not express the views of Counselor Realty, Inc. or its other partners or agents.

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Copyright © 2010 by Marzena M. Melby, All Rights Reserved

 

 
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6 Comments on Twin Cities Weekly Market Activity... by Twin Cities Homes for Sale

MAR
30
2010
1,258,887 Points 2 Featured Posts Outside Blog Hit Router

Marzena

The Twin Cities are lucky to have an agent that is on top of all the market conditions and sales. Great market report.
9:10am • #1
199,849 Points Localism Sponsor

Thank you, Tom.  Market is changing so fast.
9:35am • #2
MAR
31
2010
564,633 Points 75 Featured Posts Outside Blog Called Shot Master

Marzena--Nice area update...Looks like people are getting their homes on the market this spring!
11:06am • #3
199,849 Points Localism Sponsor

Thank you, Teri.  Yes, they are.  Throughout Richfield, for sale signs are popping up everywhere!
2:39pm • #4
1 Featured Post

Hi Marzena,

Always good to check our stats.  I think most of us are finding that prices are upticking a bit, and there is more competition in the first time buyer category.  With the warm weather and a little sunshine everything looks better. 
3:26pm • #5
APR
01
2010
199,849 Points Localism Sponsor

Mary Jo,

Competition in the first time buyer price ranges is really heating up.  Buyers who take their time deciding on making an offer may very well loose out on a good home.
6:52am • #6

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