twin cities market: June 2011 Twin Cities Real Estate Market Update - 06/22/11 04:46 PM
The latest Monthly Skinny was released from the Minneapolis Association of Realtors (MAAR). Emily Green, 2011 MAAR Treasure, talks about the trends and implications of last month's numbers (May).
Highlights Include: May 2011 Pending Sales are UP 13.2% from May 2010. May 2011 Inventory is DOWN 11.8% from May 2010. May 2011 Median Sale Price is DOWN 12.6% from May 2010. May 2011 Months of Inventory is UP 11.9% (8.5 Months) from May 2010. A balanced market is 5-6 months of supply http://www.youtube.com/user/MinneapolisREALTORS#p/u/1/VNkvdJ_FWyY The favorable improvements in Pending Sales and Inventory being down may have more to do with the substantial … (0 comments)

twin cities market: Twin Cities Market Update - 10/21/10 09:26 AM
Currently we have seen an increase in activity of buyers in the area.  New listings are down 4.1% from this time last year and active listings are up 11.5%.  The biggest change is Pending sales are down 44.8% from this time last year! 
The days on market for a home to sell went from an average of 129 in September 2009 to 132 days this September.  Another interesting fact is that the percent of sales price received versus list price is down from 93.9% in September 2009 to 90.9% this September.
Months supply of inventory have gone up from 6.6 to … (0 comments)

twin cities market: Twin Cities Weekly Market Activity Report 10/5/09 - 10/07/09 03:44 PM
Twin Cities Market Report for the Week of October 5, 2009
 
New Listings This Week: 1,725  (one year ago 1,725)   0.0%
Active Listings This Week: 24,503 (one year ago 30,873)  -20.6%
Pending Sales This Week: 1,056  (one year ago 749)  +41.0%
Days on Market: Aug 2009 (133 days),  Aug 2008 (143 days)
Percent of Original List Price Received at Sale: Aug 2009 (94.1%)  Aug 2008 (92.7%)
Months of Supply: Aug 2009 (6.9) Aug 2008 (9.9)
Closed Sales: Aug 2009 (4,572)  Aug 2008 (3,992)
Median Sales Price: Aug 2009 ($175,000) Aug 2008 ($200,000)
Average Sales Price: Aug 2009 ($208,022) Aug 2008 ($241,096)
 
 *Data collected from Regional Multiple Listing Service for residential properties in the 13 county … (1 comments)