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Weekly Market Report

For Week Ending March 12, 2016

A fresh eagerness in the warming air combined with relatively affordable prices have buyers perusing and plucking homes like spring flowers, resulting in healthy sales activity. With gas prices remaining fairly low, consumers have full tanks to visit more homes. So fluff those decorative pillows and set out the cookies for your open houses: the buyers are coming and appear to be ready to bid.

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

  • New Listings increased 1.8% to 1,796
  • Pending Sales increased 22.8% to 1,262
  • Inventory decreased 17.6% to 11,704

For the month of February:

  • Median Sales Price increased 3.6% to $207,280
  • Days on Market decreased 9.4% to 96
  • Percent of Original List Price Received increased 1.1% to 95.2%
  • Months Supply of Inventory decreased 28.1% to 2.3

All comparisons are to 2015

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

Weekly Report

Weekly Market Report

For Week Ending March 12, 2016

A fresh eagerness in the warming air combined with relatively affordable prices have buyers perusing and plucking homes like spring flowers, resulting in healthy sales activity. With gas prices remaining fairly low, consumers have full tanks to visit more homes. So fluff those decorative pillows and set out the cookies for your open houses: the buyers are coming and appear to be ready to bid.

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

  • New Listings increased 1.8% to 1,796
  • Pending Sales increased 22.8% to 1,262
  • Inventory decreased 17.6% to 11,704

For the month of February:

  • Median Sales Price increased 3.6% to $207,280
  • Days on Market decreased 9.4% to 96
  • Percent of Original List Price Received increased 1.1% to 95.2%
  • Months Supply of Inventory decreased 28.1% to 2.3

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.

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- Tom

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

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