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Twin Cities Real Estate Market Stats - MAAR's Monthly Skinny

By
Real Estate Agent with EXiT Three Rivers Realty

MAAR's Monthly Skinny

The real estate market in Minnesota is continueing to see positive movement. As you will see here in MAAR's Monthly Skinny were MAAR's CEO, Mark Allen recaps the performance of the Twin Cities real estate market
 
Here are a few of the video's key points for Minnesota's Real Estate Market in the Twin Cities Metro Area for the month of July of 2009. 
  • Pending sales are growing strong and increased 16 % over July of 08.
  • Our listings supply continues to decline. We had  25,862 homes on the market a decline of 21.6% percent from this time in 2008.
  • New listings: The number of new listings that have come on the market is as low as the we had in 2002
  • Minnesota home sellers are receiving on average 94% of their asking price which is an increase of 1.4% from July of last year.
  • Lender Mediated properties still have a strong presence with them holding 43.6% of the pending sales

Find out what your city's real estate market trends are

With the $8,000 federal tax credit for first-time home buyers and mortgage rates at historic lows, it's not surprising to see these positive gains in Minnesota's Twin Cities real estate market.

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Comments (2)

Brian W. Nichols
OWNER/Exit Realty Metro Dallas - Dallas, TX

Last time I saw The Twin Cities I was on a trip up the Mississippi River! I thought to myself what a wholesome place to have the opportunity to live in. You must love selling real estate in such a beautiful place. On top of your location you also have the best real estate concept in real estate at your side.  Brian W. Nichols

Sep 07, 2009 01:48 PM
Kimberly Koehler
EXiT Three Rivers Realty - Woodbury, MN
Broker/Owner - EXiT 3 Rivers Realty 651-998-9811

Brian,

Thanks for the comment. Yes, the Twin Cities is a great place to be!! I hear we are coming to your home in Dallas for convention 2010. This is very, very exciting!

Oct 07, 2009 03:29 PM