For Week Ending April 25, 2015

New listings are on the ups, and buyers seem poised to move on the most desirable new properties in a hurry. Tales of one-day and even same-day purchase offers are being shared over coffee, lunch and happy hour, generally bringing the total days on market average down as the joy index rises.

In the Twin Cities region, for the week ending April 25:

• New Listings increased 3.5% to 1,971
• Pending Sales increased 38.7% to 1,625
• Inventory increased 0.4% to 15,178

For the month of March:

• Median Sales Price increased 10.5% to $210,000
• Days on Market increased 7.4% to 102
• Percent of Original List Price Received increased 0.8% to 95.9%
• Months Supply of Inventory increased 3.0% to 3.4

All comparisons are to 2014

Click here for the full Weekly Market Activity Report. From The Skinny Blog.

For Week Ending April 18, 2015

Well, folks, we have hit the beginning of the selling season. As the actual calendar season announces its presence with overall temperature change, the residential real estate market will up its game by bringing an annual seasonal increase in home sales and inventory. Many metrics should begin to take off as we begin what should be one of the best recovery years housing has seen thus far.

In the Twin Cities region, for the week ending April 18:

• New Listings increased 31.1% to 2,062
• Pending Sales increased 18.8% to 1,426
• Inventory decreased 0.3% to 14,914

For the month of March:

• Median Sales Price increased 10.5% to $210,000
• Days on Market increased 7.4% to 102
• Percent of Original List Price Received increased 0.8% to 95.9%
• Months Supply of Inventory increased 3.0% to 3.4

All comparisons are to 2014

Click here for the full Weekly Market Activity Report. From The Skinny Blog.

For Week Ending April 11, 2015

Both the job market and housing starts regularly draw media attention. One week, reports show that hiring is up and salaries are on the rise, and that home prices are increasing and inventory is on the rise. Then you might catch a story about a layoff or lack of homes for sale and flat prices. While there will always be markets in the country that aren’t as fast-tracked as others, it doesn’t mean they will finish last in the race. Recovery is still evident, as trends show stability to steady improvement.

In the Twin Cities region, for the week ending April 11:

• New Listings increased 9.7% to 2,114
• Pending Sales increased 17.0% to 1,319
• Inventory decreased 0.2% to 14,509

For the month of March:

• Median Sales Price increased 10.5% to $210,000
• Days on Market increased 7.4% to 102
• Percent of Original List Price Received increased 0.8% to 95.9%
• Months Supply of Inventory increased 3.0% to 3.4

All comparisons are to 2014

Click here for the full Weekly Market Activity Report. From The Skinny Blog.

For Week Ending April 4, 2015

Rent or buy? It is the question on the minds of many as we cast full sail into the selling season. Whilst stories are written about which cities and neighborhoods are better to rent or buy in, we can hang in the peace of a fairly stable market where there are good options available for rent and sale. Spring is sprung, yet there is no raining on the hit parade of homeownership.

In the Twin Cities region, for the week ending April 4:

• New Listings decreased 8.4% to 1,688
• Pending Sales increased 32.8% to 1,364
• Inventory increased 2.8% to 14,431

For the month of March:

• Median Sales Price increased 10.5% to $210,000
• Days on Market increased 7.4% to 102
• Percent of Original List Price Received increased 0.8% to 95.9%
• Months Supply of Inventory remained flat at 3.3

All comparisons are to 2014

Click here for the full Weekly Market Activity Report. From The Skinny Blog.