Weekly Housing Report Minnesota 11-26-2012

By
Real Estate Agent with Luke Team Real Estate

Weekly Market Activity Report

 

For Week Ending November 17, 2012

Publish Date: November 26, 2012 • All comparisons are to 2011

This year, there's a lot to be thankful for beyond the traditional holiday bird. Home buyers can be thankful for record-low mortgage rates. Sellers can be thankful for the possibility of getting more money in less listing time. Some homeowners are thankful for the housing recovery because it may alleviate underwater situations. Tryptophan doesn't seem to be slowing buyer and seller optimism.In the Twin Cities region, for the week ending November 17:

• New Listings increased 11.4% to 1,046

• Pending Sales increased 9.8% to 843

• Inventory decreased 29.4% to 14,770

For the month of October:

• Median Sales Price increased 14.8% to $175,000

• Days on Market decreased 25.2% to 103

• Percent of Original List Price Received increased 3.5% to 94.5%

• Months Supply of Inventory decreased 40.1% to 3.7

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