Monday, November 23rd, 2015

For Week Ending November 14, 2015

For the next several weeks, activity will be lower than it is during the rest of the year but not in complete hibernation. The quietest weeks of the season in residential real estate sales are traditionally from Thanksgiving to New Year’s Day. Generally, we see fewer new listings, less inventory and fewer sales than at any other time during the year. That said, higher year-over-year sales prices are common across the country thanks to things like high demand, low inventory and exceptional interest rates.

In the Twin Cities region, for the week ending November 14:

  • New Listings increased 19.5% to 1,024
  • Pending Sales increased 22.0% to 894
  • Inventory decreased 16.5% to 14,606

For the month of October:

  • Median Sales Price increased 4.2% to $216,500
  • Days on Market decreased 2.8% to 70
  • Percent of Original List Price Received increased 1.1% to 96.2%
  • Months Supply of Inventory decreased 25.6% to 3.2

All comparisons are to 2014

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

Posted in Weekly Report |
Monday, November 16th, 2015

For Week Ending November 7, 2015

In a continually improving economy, what we might expect to happen is happening in the housing market. Sales and prices are generally up in year- over-year comparisons, and new listings are replenishing the market at a fairly steady clip. More sellers are still encouraged to enter the fray, as lower inventory continues to remain a point of some concern.

In the Twin Cities region, for the week ending November 7:

  • New Listings increased 7.5% to 1,183
  • Pending Sales increased 10.7% to 907
  • Inventory decreased 16.2% to 14,850

For the month of October:

  • Median Sales Price increased 4.4% to $217,000
  • Days on Market decreased 2.8% to 70
  • Percent of Original List Price Received increased 1.1% to 96.2%
  • Months Supply of Inventory decreased 25.6% to 3.2

All comparisons are to 2014

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

Posted in Weekly Report |
Monday, November 9th, 2015

For Week Ending October 31, 2015

Softer September sales continue to be a stout topic for stats analysis. Rental prices are not so soft, however, and across many markets, rising prices are turning heads. More first-time homebuyers may jump at the chance to invest in their own homes. Much of the evidence still points to recovering market health.

In the Twin Cities region, for the week ending October 31:

  • New Listings increased 1.9% to 1,096
  • Pending Sales increased 0.6% to 933
  • Inventory decreased 16.2% to 15,440

For the month of October:

  • Median Sales Price increased 4.9% to $218,000
  • Days on Market decreased 2.8% to 70
  • Percent of Original List Price Received increased 1.1% to 96.2%
  • Months Supply of Inventory decreased 25.6% to 3.2

All comparisons are to 2014

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

Posted in Weekly Report |
Monday, November 2nd, 2015

For Week Ending October 24, 2015

Data analysis from September national numbers revealed that new home sales underperformed slightly from what was originally expected. Some say this indicates market cooling, but with October giving way to November, it means we will soon have another month of sales to prove or disprove naysayers.

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

  • New Listings decreased 2.5% to 1,233
  • Pending Sales increased 10.7% to 934
  • Inventory decreased 15.7% to 15,650

For the month of September:

  • Median Sales Price increased 8.1% to $221,650
  • Days on Market decreased 8.5% to 65
  • Percent of Original List Price Received increased 1.0% to 96.6%
  • Months Supply of Inventory decreased 23.9% to 3.5

All comparisons are to 2014

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

Posted in Weekly Report |
Thursday, October 29th, 2015

Posted in Monthly Skinny Video |