Twin Cities Weekly Market Activity… by Twin Cities Homes for Sale
Twin Cities Weekly Market Activity
As of May 10, 2010
2010 2009 % Change
New Listings 1,803 2,038 -11.5%
Active Listings 26,077 26,450 -1.4%
Pending Sales 1,469 1,120 +31.2%
Days on Market until Sale 127 150 -15.3%
Percent of Original Price
Received at Sale 93.6% 90.0% +4.0%
Supply-Demand Ratio
(# homes /buyer) 4.39 5.02 -12.6%
Months Supply of Inventory 6.7 7.70 -13.0%
NEW! Hennepin County price range breakdown for pending transactions:
Current Week Compared to last Week
$0 - $200,000 197 -79
$200,000 - $500,000 160 -35
$500,000 - 1,000,000 27 -4
Over $1,000,000 8 -4
What a quiet week! If you look at the numbers above, you’ll see how purchase contracts signed dropped off. It should be only temporary, as the Federal Tax Credit program “pushed” many buyers into buying in the last two weeks of April.
As far as the inventory of homes for sale, it actually decreased this week by 1.1% from last week. And, the pending sales in the Twin Cities dropped by 122, which is 23.9%.
So, to all the buyers out there: 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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