Weekly Market Report for Minneapolis Real Estate

Real Estate Agent with Luke Team Real Estate

Weekly Market Activity Report for Minneapolis Real Estate

Week of December 13, 2010
Remember the week ending May 1? The weather was considerably warmer, there wasn't more than two feet of snow on the ground and the optimism was high surrounding our professional sports  teams. Things change.
That fateful week in May was also the last time our market recorded a yearover-year increase in weekly pending sales...until now.
For the week ending December 3, there were 606 pending sales, an increase of 10.0 percent from the same week last year. That's the first year-over-year increase in 30 weeks. Whether this positive trend continues will depend upon job growth and other economic factors, but this small sign of hope is nice to see in December. On the opposite end of the spectrum, new listings are consistently not matching last year's marks - a welcome sign in this era of high supply. The 1,081 new
listings for the most recent week is a decline of 13.8 percent from last year's pace and marks the 11th week of the last 13 to post a year-over-year decline.


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Home Buying
Lead Generation through community websites
weekly housing market activity report for minneapolis real estate

Spam prevention

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

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


Brad Anderson

Ask me a question