photo
  • Home
  • About Us
    • Endorsements
  • Featured Listings
  • Search
    • Search Residential
    • Search Rental
    • Search Multi Family
    • Search Land
    • Search Farms
    • Search Commercial
    • Coming soon Search
  • Sellers
    • Sellers
    • Metro Markets
  • Buyers
    • Buyers
    • Calculators
    • Communities
    • Schools
  • News
  • Contact Duplex King

Weekly Market Report

For Week Ending February 13, 2016

Two central topics of conversation continue to be mortgage rates and the number of homes for sale. Turbulent financial markets have given way to even lower mortgage rates, bringing up the question of what will happen to rates as the year continues. Likewise, inventory has been on a general decline but supply should improve throughout the year.

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

  • New Listings increased 9.0% to 1,411
  • Pending Sales decreased 4.3% to 864
  • Inventory decreased 21.3% to 10,440

For the month of January:

  • Median Sales Price increased 10.3% to $215,000
  • Days on Market decreased 15.8% to 85
  • Percent of Original List Price Received increased 1.5% to 95.0%
  • Months Supply of Inventory decreased 29.0% to 2.2

All comparisons are to 2015

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

Weekly Report

Testimonials

Chris has been my go-to realtor for the past decade. He has personally handled more than 15 investme Read More...


- Joshua H.

Thanks again for the great work you did for me. You guys are the best!


- Tom

All information deemed reliable but not guaranteed and should be independently verified.

Powered By WordPress | Copyright 2021 MightyAgent