photo
  • Home
  • About Us
    • Endorsements
  • Featured Listings
  • Search
  • Sellers
    • Sellers
    • Metro Markets
  • Buyers
    • Buyers
    • Calculators
    • Communities
    • Schools
  • News
  • Contact Duplex King

Weekly Market Report

For Week Ending February 21, 2015

Rumors that Fannie Mae and Freddie Mac could one day be a thing of the past have people wondering about the future of the 30-year fixed-rate mortgage. But let’s not sound the alarm just yet. A drastic change to lending’s gold standard is certainly not on the immediate horizon. Meanwhile, Federal Reserve Chair Janet Yellen seems to have no immediate interest in raising interest rates for the first time since 2006. The economy remains stable for the time being, which should keep housing rolling through the short-named months.

In the Twin Cities region, for the week ending February 21:

  • New Listings increased 29.8% to 1,365
  • Pending Sales increased 36.4% to 981
  • Inventory decreased 3.0% to 12,570

For the month of January:

  • Median Sales Price increased 8.5% to $195,000
  • Days on Market increased 7.5% to 100
  • Percent of Original List Price Received increased 0.2% to 93.7%
  • Months Supply of Inventory increased 3.4% to 3.0

All comparisons are to 2014

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 2022 MightyAgent