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

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

Twin Cities Weekly Market Activity

As of April 18, 2010

                                                2010                2009                % Change

New Listings                            2,527               1,709             +47.9%

Active Listings                         26,803             26,210              +2.3%

Pending Sales                          1,084               1,046               +3.6%

Days on Market until Sale          130                   150                -13.7%

Percent of Original Price

            Received at Sale            94.0%               91.5%           +2.7%

Supply-Demand Ratio

            (# homes /buyer)            4.39                 5.02             -12.6%

Months Supply of Inventory           6.0                  7.80             -23.1%

NEW! Hennepin County price range breakdown for pending transactions:

                                           Current Week       Compared to last Week

$0 - $200,000                             238                              -5

$200,000 - $500,000                  186                              -11

$500,000 - 1,000,000                   22                               -8

Over $1,000,000                           4                               +1

Real estate market in the greater Minneapolis/St. Paul area continues to heat in the final days of the Federal Tax Credit. There are more buyers visiting open houses, or requesting private showings.  Selection varies in different areas and price ranges.  Low priced lender-owned homes recive multiple offers, but higher priced homes stay on the market much longer.

 A Twin Cities home for sale inventory has increased this week by 2.2% from last week.  Pending sales in the Twin Cities are up again week-over-week, and they increased by 38.  That’s a 3.5% increase. 

It’s time to get started – call me today!

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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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