Weekly Market Report for Minneapolis Real Estate

By
Real Estate Agent with Luke Team Real Estate

Weekly Market Activity Report

As the weeks following the tax credit expiration unfold, buyer demand continues to slow. The 600 purchase agreements signed for the week ending May 29 were 34.6 percent below the previous year-the fourth consecutive week of year-over-year decline in Pending Sales.

Refreshed supply is also in decline, as New Listings posted a fifth consecutive week of year-over-year decline, landing at 1,474 for the most recent reporting week-a 5.9 percent decrease from a year ago.

Two other metrics for this week:

Days on Market - This stat continues its year-over-year downward trend, resting at 118 days for May 2010.

Percentage of Original List Price Received - This continues to grow, up 2.8 percent above last year at this time to 94.1 percent of the list price.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Minnesota
Groups:
Lead Generation through community websites
Tags:
weekly housing market activity report for minneapolis real estate

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
31,149

Brad Anderson

Ask me a question
*
*
*
*
Spam prevention