For Week Ending May 2, 2015

Through research conducted by the National Association of REALTORS® on the 100 largest housing markets in the nation, it was revealed that 93 out of 100 had uneven wealth ratios and declining homeownership between 2010 and 2013. Homeownership has dropped as slow wage growth, low inventory and tough mortgage standards have become the norm. Activity is spring fresh and exciting at the moment, but it is important to be mindful of the long game.

In the Twin Cities region, for the week ending May 2:

• New Listings increased 10.5% to 2,050
• Pending Sales increased 26.0% to 1,512
• Inventory decreased 1.3% to 15,298

For the month of April:

• Median Sales Price increased 10.2% to $216,000
• Days on Market decreased 4.5% to 85
• Percent of Original List Price Received increased 1.1% to 97.0%
• Months Supply of Inventory decreased 2.8% to 3.5

All comparisons are to 2014

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

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.