Tuesday, April 3rd, 2012

The last time you were at the doctor, your vital signs were checked – heart rate, pulse, temperature and blood pressure. Progress was documented and valuable insights were gained, whether it was a routine visit or one of many checks during an extended hospital stay. The housing market has been in and out of intensive care for the past several years. Monitoring vitals matters, and that’s what you’ll find on the following pages. The pulse of today’s market indicates that we may be getting ready to leave the ICU. So if you could just please pull up your sleeve, let’s check your blood pressure.

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

  • New Listings increased 2.2% to 1,414
  • Pending Sales increased 30.2% to 1,052
  • Inventory decreased 27.3% to 17,193

For the month of February:

  • Median Sales Price decreased 1.4% to $138,000
  • Days on Market decreased 9.0% to 145
  • Percent of Original List Price Received increased 2.5% to 90.6%
  • Months Supply of Inventory decreased 34.8% to 4.7

Click here for the full Weekly Market Activity Report.

From The Skinny.

Posted in Weekly Report |
Saturday, March 31st, 2012

Loans of up to $18,000 are being offered to homeowners with no interest, no monthly payments and repayment deferred until home is sold or transferred.

Full Story: St. Paul Pioneer Press

Monday, March 26th, 2012

In another sign that the six-year long housing slump could be coming to an end, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) reached 28. To put that in perspective, it went from above 70 in 2005 to below 10 in 2009. The HMI has not seen 28 since June 2007. This and other landmark data points are coalescing to signal calmer waters ahead. That’s not to say you should expect double-digit annualized appreciation, but both buyers and sellers are displaying the sort of confidence that is fluttering through the rest of the economy.

In the Twin Cities region, for the week ending March 17:

  • New Listings decreased 1.3% to 1,406
  • Pending Sales increased 23.1% to 1,029
  • Inventory decreased 27.5% to 17,088

For the month of February:

  • Median Sales Price decreased 1.4% to $138,000
  • Days on Market decreased 9.0% to 145
  • Percent of Original List Price Received increased 2.5% to 90.6%
  • Months Supply of Inventory decreased 35.2% to 4.

Click here for the full Weekly Market Activity Report.

From The Skinny.

Posted in Weekly Report |
Wednesday, March 21st, 2012

Wednesday, March 21st, 2012

Buyer activity: up. Seller activity: down. That could soon change if sellers begin to increase their activity levels entering the spring market. They’ve understandably been a tad shy lately, but the changing landscape is starting to register with well-informed homeowners looking to move. Buyers have shown that they refuse to let one of the most attractive purchase environments pass them by. As activity revs up this spring, not all segments will benefit equally. Which is exactly why the numbers are so central to assessing both the breadth and depth of market recovery.

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

  • New Listings decreased 0.3% to 1,450
  • Pending Sales increased 20.9% to 995
  • Inventory decreased 24.3% to 17,899

For the month of February:

  • Median Sales Price decreased 1.4% to $138,500
  • Days on Market decreased 9.1% to 145
  • Percent of Original List Price Received increased 2.6% to 90.6%
  • Months Supply of Inventory decreased 35.8% to 4.7

Click here for the full Weekly Market Activity Report.

From The Skinny.

Posted in The Skinny |

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