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 May 24, 2010

                                                2010                2009                % Change

New Listings                            1,582               1,960            -19.3%

Active Listings                         26,416             26,532             -0.4%

Pending Sales                            830                 1,235           -32.5%

Days on Market until Sale            127                   150             -4.4%

Percent of Original Price

            Received at Sale              93.6%         90.0%               +4.0%

Supply-Demand Ratio

            (# homes /buyer)               5.69          5.23                 +8.8%

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                            260                           +166

$200,000 - $500,000                  211                           +114

$500,000 - 1,000,000                  31                                -4

Over $1,000,000                          8                               +5

Purchase agreements signed this week went up - thank goodness!  Last week's drop appreas to be only temporary.

Buyers, there are still great selection of very good homes  to choose from:

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

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

Contact Marzena M. Melby, GRI, CDPE, Broker/Partner, Counselor Realty, Inc., Licensed REALTOR® in the state of Minnesota at 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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