weekly housing market activity report for minneapolis real estate: Weekly Housing Report Minnesota 5-21-2012 - 05/21/12 03:12 AM
Weekly Market Activity Report
For Week Ending May 12, 2012
Publish Date: May 21, 2012
All comparisons are to 2011
Houses are just things. Boxes waiting to be filled. In the hands of caring, nurturing
citizens, those simple boxes become homes that create memories and fortify
communities for generations. This May, more than 13,000 REALTORS® rallied at the Washington Monument to preserve the American Dream of homeownership. Some components of the dream are being threatened by budget pressures and
market realities. But homeownership is very much alive and well, as more than
three out of five residencies are owner-occupied in the … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Housing Report Minnesota 5-14-2012 - 05/14/12 03:01 AM
Weekly Market Activity Report
For Week Ending May 5, 2012
Publish Date: May 14, 2012
All comparisons are to 2011
If only there were a system of grand, colorful lights for tracking residential real estate. Green for rising market, yellow for a transitional market and red for declining market. Let's see if we can try to determine today's market without the
ease of well-known signals. Prices are bottoming and starting to rise. Buyer
activity is showing year-over-year gains. Homes are selling faster and closer to list
price. Multiple offers are becoming commonplace. Inventory levels are leaning
toward the seller. Green means … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Housing Report Minnesota 5-07-2012 - 05/07/12 03:30 AM
Weekly Market Activity Report
For Week Ending April 28, 2012
Publish Date: May 7, 2012
All comparisons are to 2011
Buyers don't live in a spreadsheet. When they find a home to love and cherish, they don't intellectualize it too much. There are generally fewer homes on the market, they're selling more quickly and prices in most areas are no longer in a
downtrend. Dwindling inventories means there's less competition and more
pricing power for sellers, who are finally starting to be rewarded by strong buyer
activity. Interest rates at 50-year lows doesn't hurt either. Love is in the air and … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Housing Report Minnesota 4-30-2012 - 04/30/12 06:08 AM
Weekly Market Activity Report
For Week Ending April 21, 2012
Publish Date: April 30, 2012
All comparisons are to 2011
There's that sound again. It's the media message you once heard on the TV and radio or read in newspapers and on the Internet in days seemingly long gone. Real estate stories are mostly being cast in a generous light. That's all well and good, but is now the time to list or buy? Answering that question still relies upon many specific, localized, determining factors, but we have reached a place where the process is generally more positive and enjoyable. That … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Housing Report Minnesota - 04/23/12 06:05 AM
Weekly Market Activity Report
For Week Ending April 14, 2012
Publish Date: April 23, 2012
All comparisons are to 2011
Job growth, low mortgage rates, rising rents and a relatively inexpensive housing stock. These are just some of the playful teases in the burlesque revue that is today's market recovery. Another week passed with buyers displaying no signs of slowing down. In general, sellers are discovering a less-intimidating scene, and buyers are reveling in the showy marketplace. As expected, spring's warming glow continues to fuel optimism and consumer activity. But that won't necessarily be the case in every area or segment, … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Housing Report - 04/02/12 04:21 AM
Weekly Market Activity Report
For Week Ending March 24, 2012
Publish Date: April 2, 2012
All comparisons are to 2011
The last time you were at the doctor, your vital signs were checked – heart rate, pulse,
temperature and blood pressure. Progress was documented and valuable insights were gained, whether it was a routine visit or one of many checks during an extended
hospital stay. The housing market has been in and out of intensive care for the past
several years. Monitoring vitals matters, and that's what you'll find on the following
pages. The pulse of today's market indicates that we … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Housing Market Report for Minneapolis - 05/23/11 10:56 AM
Weekly Market Report
Week of May 23, 2011
For only the second time since the end of last year's tax credit, there were more Pending Sales for a given week than in the prior year. A total of 958 buyers entered into contract for the week ending May 14, an increase of 15.4 percent and the highest number of pendings since the week ending May 8, 2010.But let's not get too excited just yet, because this apparent shift in Twin Cities home purchase activity was primarily driven by the post-tax-credit slowdown seen at this time last year. To illustrate this point, … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Housing Market Report for Minneapolis - 05/09/11 09:47 AM
Weekly Market Activity Report
Week of May 9, 2011
The final week of comparisons to last year's tax credit market is upon us. For the week ending April 30, New Listings in the Twin Cities were down 3.9 percent from the same week in 2010. A total of 1,733 new homes were introduced to the market, marking the smallest decline in seller activity in 17 weeks.Pending Sales were up at this time last year because of the tax credit, thus buyer activity was down 37.4 percent to 920 purchase agreements signed. That's the 21st consecutive week of year-over-year declines in Pending … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Market Report for Minneapolis Real Estate - 04/18/11 12:24 PM
Weekly Market Activity Report
For the week ending April 9, sellers introduced 1,770 New Listings to the Twin Cities housing market. That's down an even 30.0 percent from the same week in 2010 when motivated sellers rightfully decided it was time to sell.
Current buyer activity simply cannot compete with an elevated 2010 incentive market. Pending Sales were down 22.7 percent from the same week last year to 838 contracts written. Drawing from a wider time frame can soften the theatrical plunge. Buyer activity was down 16.7 percent on average over the past three months. Comparing non-incentive markets to non-incentive markets … (1 comments)

weekly housing market activity report for minneapolis real estate: Weekly Market Report for Minneapolis Real Estate - 04/12/11 09:13 AM
Weekly Market Activity Report
Daylight hours may be increasing but contrary to seasonal norms, the number of homes for sale continues to remain about the same. There are now 22,449 active listings in the Twin Cities, 14.4 percent fewer than last year. Nine consecutive weeks of year-over-year inventory decline bring a number of implications-mostly good, some not so good.
On the good side, sellers have fewer properties to compete with. This should quicken market times and increase seller leverage at the closing table. Improving demand with unchanging supply has the tendency to lift prices. On the not-so-good side, buyers have fewer … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Market Report for Minneapolis Real Estate - 04/04/11 11:48 AM
Weekly Market Activity ReportWeek of April 4, 2011For the week ending March 26, Pending Sales in the Twin Cities metro posted a 27.2 percent decrease from the same week last year to 764 purchase agreements. Sellers listed 1,402 or 37.4 percent fewer homes than they did during the same week in 2010. The repetitive mantra says: "Don't put too much stock in these year-over-year comparisons since we're up against an elevated baseline due to the 2010 home buyer tax credit."In the meantime, the gap between this year's and last year's inventory levels continues to grow. The current number of Active Listings … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Market Report for Minneapolis Real Estate - 03/29/11 04:49 AM
Weekly Market Activity Report
The week ending March 19 showed a 16.6 percent decline in Pending Sales from the same week last year and a 36.9 percent decline in New Listings.
With a little imagination, spring is in the air. Buyer activity has been gradually on the rise for most of 2011 as prospective buyers seem to prefer sporadic puddles to insurmountable snowbanks. Compared to last year's incentive market, however, the year-over-year declines in purchase activity have been growing as well.
The number of Active Listings for Sale has remained remarkably stable thus far in 2011. In 2010, inventory levels had … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Market Report for Minneapolis Real Estate - 03/21/11 10:10 AM
Weekly Market ReportHome sales in the Twin Cities metropolitan area continued to exhibit signs of divergence from last year's incentive market. The 812 Pending Sales for the week ending March 12 were 20.9 percent fewer than the same week in 2010. Since this year's weekly Pending Sales figures look more like a standard bell curve than last year's railroad spike, we'll continue to see declines through the end of April followed by gains during the summer months.Sellers introduced 1,453 new homes or 31.1 percent fewer than the same week last year. Active Listings for Sale has been shrinking relative to last … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Market Report for Minneapolis Real Estate - 03/14/11 09:08 AM
Weekly Market ReportFor the week ending March 5, there were 717 signed purchase agreements, a decline of 11.4 percent from a year ago when the market was stimulated by the federal home-buyer tax credit. Over the last three months, there have been almost 900 fewer signed purchase agreements than during the same period a year prior.On the supply side, sellers brought 1,845 new homes onto the market, or 19.0 percent fewer than the same week last year. The three-month average pace of listing activity was 16.6 percent slower than it was a year ago.Despite the decline in supply, there are a … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Market Report for Minneapolis Real Estate - 03/07/11 10:51 AM
Weekly Market Activity Report
For the week ending February 26, home purchase activity in the Twin Cities diverged further away from last year's tax-credit-inspired market. There were 606 purchase agreements signed during the week, which made for a 30.2 percent decline from year-ago levels. On average, over the past three months, Twin Citizens made a less-distorted 9.5 percent fewer home purchases than they did during the same three-month period in 2010.
On the supply side, sellers brought 1,238 new homes onto the market, or 27.8 percent fewer than the same week last year. The three-month average pace of listing activity was … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Market Report for Minneapolis Real Estate - 02/28/11 11:41 AM
Weekly Market Activity Report
The gap between current and year-ago listing activity continues to widen, as anticipated. Expect the supply-side numbers to show sizable year-over-year declines due to the high baseline set during the spring 2010 tax credit. It should be noted that we are now approaching a period where we'll be comparing the 2011 non-tax credit market to the 2010 tax credit market at its peak level.
For the week ending February 19, there were 690 signed purchase agreements, which made for a 12.1 percent decline from the same week last year. There were 1,367 New Listings for the week, … (1 comments)

weekly housing market activity report for minneapolis real estate: Weekly Market Report for Minneapolis Real Estate - 02/21/11 06:54 AM
Weekly Market Activity ReportWeek of February 21, 2011For the week ending February 12, there were 710 signed purchase agreements, a meager drop of 0.1 percent from the same week last year. Although we fully expect to be down in year-over-year comparisons for the next three months due to last year's tax credit incentive, this is still interestingbecause it marks the first time we've had more than 700 Pending Sales since May 2010. Think about that. More sales activity in mid-February 2011 than mid-June 2010.Similar to the week prior, there were 1,324 New Listings for the week, representing a decline of 24.9 … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Market Report for Minneapolis Real Estate - 02/14/11 11:04 AM
Weekly Market Activity Report
Home sales in the Twin Cities metro are holding steady as the spring market approaches but will not match 2010's meteoric rise in sales brought about by the federal home-buyer tax credit. For the week ending February 5, there were 639 signed purchase agreements, a drop of 18.1 percent from the same week last year. The 3-month average for Pending Sales shows a 6.5 decrease compared to a year ago, dropping from 7,081 to 6,619.
The number of New Listings coming on the market is also behind last year's increased pace. The 1,343 new properties listed during … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Market Report for Minneapolis Real Estate - 02/07/11 07:27 AM
Weekly Market Activity ReportFor the week ending January 29, 2011, purchase activity in the Twin Cities 13 county metro registered 2.0 percent below the same week in 2010. That marked smallest decline in buyer activity in two months. Pending Sales in the first half of 2011 will struggle to match the high marks set during last year's tax credit but should parallel 2009 levels.Seller activity has mimicked last year's levels thus far, only about 300 units slimmer. A total of 1,317 New Listings entered the market for the week, 16.9percent fewer than the same week last year.Active Listings for Sale increased … (0 comments)

weekly housing market activity report for minneapolis real estate: Weekly Market Report for Minneapolis Real Estate - 01/31/11 11:22 AM
Weekly Market Activity Report
Twin Cities home buyers braved the arctic air to sign 533 purchase agreements during the week ending January 22. Although that's 4.5 percent fewer than the same week in 2010, it's better than the 9.3 percent decline we've seen over the last three months.
Sellers brought 1,195 new properties online for the week, a 21.5 percent drop compared to year-ago figures. The 3-month average shows a more subtle 4.9 percent decline.
The number of Active Listings for sale was up 10.6 percent compared to the same week last year, giving buyers 22,810 properties to choose from and … (0 comments)

 
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Brad Anderson

Maple Grove, MN

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