Twin Cities Weekly Market Activity… by Twin Cities Homes for Sale
Twin Cities Weekly Market Activity
As of April 25, 2010
2010 2009 % Change
New Listings 2,353 1,930 +21.9%
Active Listings 27,095 26,318 +3.0%
Pending Sales 1,103 1,083 +1.8%
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 6.5 7.70 -15.4%
NEW! Hennepin County price range breakdown for pending transactions:
Current Week Compared to last Week
$0 - $200,000 276 +38
$200,000 - $500,000 195 +9
$500,000 - 1,000,000 31 +9
Over $1,000,000 8 +4
In the final couple of weeks of Federal Tax Credit, market in the Twin Cities area keep moving at a fast pace. More buyers are making their final selection and placing offers. Inventory varies in different areas and price ranges, but there plenty of listings to satisfy most. Low priced lender-owned homes receive multiple offers. Higher priced homes stay on the market longer, but even those are getting more attention.
A Twin Cities home for sale inventory has only increased this week by 1.1% from last week, that’s because more homes were sold. Pending sales in the Twin Cities are up again week-over-week, and they increased by 60.
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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Copyright © 2010 by Marzena M. Melby, All Rights Reserved
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