Monday, September 11th, 2017

For Week Ending September 2, 2017

Market trends have remained steady for the last couple of years, which has allowed residential real estate to flourish in terms of sales activity and buyer demand. Even when total sales are not measuring forward in year-over-year comparisons, it is evident that the market is responding positively to wider economic indicators. Higher prices, fewer days on market and lower months of supply are all usual indicators of healthy activity.

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

  • New Listings decreased 2.3% to 1,306
  • Pending Sales decreased 4.3% to 1,145
  • Inventory decreased 16.5% to 12,852

For the month of July:

  • Median Sales Price increased 5.6% to $251,650
  • Days on Market decreased 16.4% to 46
  • Percent of Original List Price Received increased 0.8% to 99.1%
  • Months Supply of Inventory decreased 16.1% to 2.6

All comparisons are to 2016

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

Posted in Weekly Report |
Tuesday, September 5th, 2017

For Week Ending August 26, 2017

Conversationally speaking, it has been a busy and exciting summer for residential real estate. Much has been said about low supply, higher prices and speedy sales, but the truth of the matter is that buyers are snatching up desirable homes no matter the trends. Good transactions are occurring with smart lending practices. Although more inventory would be useful, the market is finding a way to succeed.

In the Twin Cities region, for the week ending August 26:

  • New Listings increased 3.7% to 1,499
  • Pending Sales decreased 1.3% to 1,227
  • Inventory decreased 16.4% to 13,010

For the month of July:

  • Median Sales Price increased 5.6% to $251,650
  • Days on Market decreased 16.4% to 46
  • Percent of Original List Price Received increased 0.8% to 99.1%
  • Months Supply of Inventory decreased 16.1% to 2.6

All comparisons are to 2016

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

Posted in Weekly Report |
Tuesday, September 5th, 2017

For Week Ending August 19, 2017

With each passing August day, fewer households with school-aged children are willing to embark upon a big move for fear of unsettling kids from the important routines that lay the groundwork for a good education. But savvy sellers and buyers know that there are good deals to be made in August and well into the school months, as household formations take on many shapes and sizes.

In the Twin Cities region, for the week ending August 19:

  • New Listings increased 3.0% to 1,618
  • Pending Sales decreased 3.8% to 1,244
  • Inventory decreased 16.2% to 12,733

For the month of July:

  • Median Sales Price increased 5.9% to $254,000
  • Days on Market decreased 16.7% to 45
  • Percent of Original List Price Received increased 0.8% to 99.2%
  • Months Supply of Inventory decreased 19.4% to 2.5

All comparisons are to 2016

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

Posted in Weekly Report |
Thursday, August 31st, 2017

Posted in Monthly Skinny Video |
Monday, August 21st, 2017

For Week Ending August 12, 2017

The prevailing trends have continued to prevail through the summer, which has not really been a surprise. There have not been any jolting changes in the economy that would affect residential real estate. This includes steady news for factors such as wage growth, unemployment, new construction and mortgage rates. Every locality has its unique challenges, but housing as a whole is performing as expected.

In the Twin Cities region, for the week ending August 12:

  • New Listings increased 1.2% to 1,668
  • Pending Sales decreased 8.0% to 1,195
  • Inventory decreased 17.1% to 12,576

For the month of July:

  • Median Sales Price increased 5.9% to $254,000
  • Days on Market decreased 16.7% to 45
  • Percent of Original List Price Received increased 0.8% to 99.2%
  • Months Supply of Inventory decreased 19.4% to 2.5

All comparisons are to 2016

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

Posted in Weekly Report |