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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 March 29, 2010
 
 
                                                2010                2009                % Change
New Listings                            2,277               1,768               +28.8%
Active Listings                         25,122             26,064               -3.6%
Pending Sales                             950                  862              +10.2%
Days on Market until Sale             142                  157                -9.7%
Percent of Original Price
            Received at Sale              92.3%              89.3%            +3.4%
Supply-Demand Ratio
            (# homes /buyer)              5.39                 5.79              -6.9%
Months Supply of Inventory            5.50                 7.70             -28.6%
 
NEW! Hennepin County price range breakdown for pending transactions:
                                           Current Week       Compared to last Week
$0 - $200,000                             237                                 -2
$200,000 - $500,000                  155                                 -1
$500,000 - 1,000,000                   21                                 -2
Over $1,000,000                           3                                  -1
 
Twin Cities are experiencing a rush of homes coming on the market.  So, competition is increasing for the home sellers. However, the actual pending sales dropped off somewhat.  Perhaps buyers are taking a little longer to find the right home.
 
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