Weekly Housing Report Minnesota 4-30-2012

By
Real Estate Agent with Luke Team Real Estate

Weekly Market Activity Report

For Week Ending April 21, 2012

Publish Date: April 30, 2012

All comparisons are to 2011

There's that sound again. It's the media message you once heard on the TV and radio or read in newspapers and on the Internet in days seemingly long gone. Real estate stories are mostly being cast in a generous light. That's all well and good, but is now the time to list or buy? Answering that question still relies upon many specific, localized, determining factors, but we have reached a place where the process is generally more positive and enjoyable. That big American dream of homeownership is no longer haunted by night terrors.In the Twin Cities region, for the week ending April 21: • New Listings increased 13.9% to 1,677 • Pending Sales increased 41.2% to 1,281 • Inventory decreased 28.4% to 17,447For the month of March: • Median Sales Price increased 7.1% to $149,900 • Days on Market decreased 9.7% to 144 • Percent of Original List Price Received increased 3.8% to 92.1% • Months Supply of Inventory decreased 37.6% to 4.7.

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