Weekly Housing Report

By
Real Estate Agent with Luke Team Real Estate

Weekly Market Activity Report

For Week Ending March 24, 2012

Publish Date: April 2, 2012

All comparisons are to 2011

The last time you were at the doctor, your vital signs were checked – heart rate, pulse,

temperature and blood pressure. Progress was documented and valuable insights were gained, whether it was a routine visit or one of many checks during an extended

hospital stay. The housing market has been in and out of intensive care for the past

several years. Monitoring vitals matters, and that's what you'll find on the following

pages. The pulse of today's market indicates that we may be getting ready to leave

the ICU. So if you could just please pull up your sleeve, let's check your blood

pressure.

In the Twin Cities region, for the week ending March 24:

• New Listings increased 2.2% to 1,414

• Pending Sales increased 30.2% to 1,052

• Inventory decreased 27.3% to 17,193

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 34.8% to 4.7.

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