Thursday, August 6th, 2015
By David Arbit on Wednesday, August 5th, 2015

Though not quite as often as the most expensive areas, we are also occasionally asked which cities are the most affordable (least expensive). Below are tables showing the 25 lowest priced markets in the region. The top two tables rank all areas, regardless of market size. The bottom two tables only show areas with a certain volume of sales. The left table uses only June 2015 sales, while the table to the right uses 2015 YTD data (through June). The measure used is still median sales price.

Even more data to the people!


From The Skinny Blog.

Posted in The Skinny |
Monday, August 3rd, 2015

For Week Ending July 25, 2015

According to the U.S. Census, homeownership is at 63.4 percent for the second quarter of 2015, down 1.3 percent from the second quarter of 2014. This is the lowest rate of homeownership since 1967. To put that in greater context, homeownership peaked at 69.2 percent in 2004, and the 50-year average is 65.3 percent. Although the data may be indicating otherwise on a macro level, mortgage applications have kept REALTORS® busy through summer.

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

  • New Listings increased 1.2% to 1,804
  • Pending Sales increased 21.3% to 1,362
  • Inventory decreased 9.8% to 17,125

For the month of June:

  • Median Sales Price increased 4.7% to $229,900
  • Days on Market decreased 5.7% to 66
  • Percent of Original List Price Received increased 0.5% to 97.7%
  • Months Supply of Inventory decreased 15.9% to 3.7

All comparisons are to 2014

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

Posted in Weekly Report |
Saturday, September 27th, 2014
A few must-do garden chores for the fall gardenBy Rhonda Hayes
Are you the tidy type or more laid back about fall garden cleanup? Either way, there are a few things you really should do.

How long is your fall garden to-do list? It probably depends on your gardening style, the weather and how you deal with peer pressure.

The more naturalistic the setting, the more you can probably let it slide. Benjamin Vogt, garden writer and prairie-plant evangelist, recently shared his cleanup routine on Twitter: “Just prepped my garden for winter by glancing out the window and sighing. Seriously, why do people do fall cleanup? Nature doesn’t.”

More manicured and groomed gardens, however, demand serious end-of-season intervention.

My garden and I fall somewhere in the middle of these maintenance manifestos. I don’t do much, but I do a little. In the end, snow covers a multitude of sins.

That said, I do have a few fall must-dos:

Click Here For More

Thursday, September 25th, 2014
By Money magazine

In a country so full of great, unique places, choosing the best is no easy task. This year, Money set out to find the nation's top small cities with populations between 50,000 and 300,000. Starting with a pool of 781 cities, we used data from Onboard Informatics and other sources to comb through everything from the local economy and housing market to schools and health care — more than 50 factors in all. Then, we sent reporters to visit the 35 top scoring places, looking for a sense of community and other intangibles you'll never find in a spreadsheet. 

We found many places to love, but in the end, only one can take the top spot.

Click Here For More

Wednesday, September 24th, 2014
As September deepens, a certain level of seasonal housing market cooling is bound to occur, but year-over-year trends do not seem poised to offend. Overheated and undercooked markets might make pretty for media outlets, yet a balanced market is the best friend of the buyer, the seller and, frankly, the real estate practitioner. Seasonal dips are nothing to fret over. It is now and will continue to be best to measure residential real estate activity not by months but by years.

In the Twin Cities region, for the week ending September 13:

 • New Listings increased 1.6% to 1,650
 • Pending Sales decreased 1.0% to 993
 • Inventory increased 9.5% to 18,513

For the month of August:

 • Median Sales Price increased 5.3% to $219,000
 • Days on Market decreased 2.9% to 68
 • Percent of Original List Price Received decreased 0.7% to 96.3%
 • Months Supply of Inventory increased 15.8% to 4.4