This year has brought sustained turnaround in a variety of areas and market segments. It’s why many in the housing industry are optimistic about 2013. Attractive mortgage rates, affordable inventory and a healing jobs picture give reason to believe that year-over-year improvements will continue into and after the traditional holiday slowdown.

In the Twin Cities region, for the week ending December 1:

• New Listings increased 0.7% to 1,019
• Pending Sales increased 18.6% to 977
• Inventory decreased 29.0% to 14,260

For the month of November:

• Median Sales Price increased 16.9% to $173,000
• Days on Market decreased 25.9% to 103
• Percent of Original List Price Received increased 3.7% to 94.3%
• Months Supply of Inventory decreased 40.6% to 3.4

Click here for the full Weekly Market Activity Report.

From The Skinny.

Home buyers entered more contracts and homeowners listed more properties than during the same week of 2011. As a whole, 2012 is shaping up to be quite the pivotal year for housing. With 2013 right around the corner, the smart money is monitoring seller concessions, market times, absorption rates and, of course, home prices. The genius money is watching foreclosure listing and sales volumes, delinquency rates and showing activity.

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

• New Listings increased 0.7% to 607
• Pending Sales increased 12.8% to 608
• Inventory decreased 28.8% to 14,546

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 39.6% to 3.8

Click here for the full Weekly Market Activity Report.

From The Skinny.

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

Click here for the full Weekly Market Activity Report.

From The Skinny.

Housing continues to be a bright spot in the national economy. Locally, we enjoyed more sales and additional seller activity. As prices firm up, some sellers will be lifted out of unenviable positions while others will receive a confidence booster. That’s a good thing, since buyers at some price points are struggling to find inventory. Additional evidence of turnaround will come by way of days on market, the average ratio of sold to list price and absorption rates generally under five months.

In the Twin Cities region, for the week ending November 10:

• New Listings decreased 9.0% to 1,015
• Pending Sales increased 11.3% to 883
• Inventory decreased 29.1% to 15,007

For the month of October:

• Median Sales Price increased 14.8% to $175,000
• Days on Market decreased 25.3% to 103
• Percent of Original List Price Received increased 3.5% to 94.5%
• Months Supply of Inventory decreased 40.5% to 3.7

Click here for the full Weekly Market Activity Report.

From The Skinny.