Seems to be a carbon copy of last weeks report! New listings down and pending sales up! Even though we are in the Holiday season and cold weather season here in Minnesota. Buyers are still out there buying right now! I like what I see in the market right now! Good things will happen in the 2012 Minnesota and Twin Cities area Real Estate Market!.
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As another new year approaches, we find ourselves settling in for the
holidays, which typically come with slowed real estate activity. In the first
week of the full holiday shopping season, we saw sales increase. We're
talking about residential real estate, of course, although retail performed
surprisingly well, too. Sellers listed fewer properties during the week,
choosing instead to hunker down in their living rooms rich with the aromas of
pine-scented candles and cinnamon cider sticks.
In the Twin Cities region, for the week ending December 3:
• New Listings decreased 9.3% to 1,006
• Pending Sales increased 36.4% to 885
• Inventory decreased 22.9% to 20,031
For the month of November:
• Median Sales Price decreased 9.9% to $149,500
• Days on Market decreased 1.8% to 135
• Percent of Original List Price Received increased 1.0% to 90.9%
• Months Supply of Inventory decreased 30.5% to 5.
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