Weekly Market Activity Report
For Week Ending March 17, 2012
Publish Date: March 26, 2012
All comparisons are to 2011
In another sign that the six-year long housing slump could be coming to an end, the HMI
reached 28. To put that in perspective, it went from above 70 in 2005 to below 10 in
2009. The HMI has not seen 28 since June 2007. This and other landmark data points
are coalescing to signal calmer waters ahead. That's not to say you should expect
double-digit annualized appreciation, but both buyers and sellers are displaying the
sort of confidence that is fluttering through the rest of the economy.
In the Twin Cities region, for the week ending March 17:
• New Listings decreased 1.3% to 1,406
• Pending Sales increased 23.1% to 1,029
• Inventory decreased 27.5% to 17,088
For the month of February:
• Median Sales Price decreased 1.4% to $138,000
• Days on Market decreased 9.0% to 145
• Percent of Original List Price Received increased 2.5% to 90.6%
• Months Supply of Inventory decreased 35.2% to 4.7.
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