Minneapolis Housing Report

Real Estate Agent with Luke Team Real Estate

Weekly Market Activity Report

For Week Ending March 17, 2012

Publish Date: March 26, 2012

All comparisons are to 2011

In another sign that the six-year long housing slump could be coming to an end, the HMI

reached 28. To put that in perspective, it went from above 70 in 2005 to below 10 in

2009. The HMI has not seen 28 since June 2007. This and other landmark data points

are coalescing to signal calmer waters ahead. That's not to say you should expect

double-digit annualized appreciation, but both buyers and sellers are displaying the

sort of confidence that is fluttering through the rest of the economy.

In the Twin Cities region, for the week ending March 17:

• New Listings decreased 1.3% to 1,406

• Pending Sales increased 23.1% to 1,029

• Inventory decreased 27.5% to 17,088

For the month of February:

• Median Sales Price decreased 1.4% to $138,000

• Days on Market decreased 9.0% to 145

• Percent of Original List Price Received increased 2.5% to 90.6%

• Months Supply of Inventory decreased 35.2% to 4.7.

Comments (1)

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Brad, thanks for the market report..always enjoy viewing stats on other communities.

Mar 26, 2012 05:28 AM