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Weekly Market Report

For Week Ending March 14, 2015

Have rents gone up enough to get renters to lean toward homeownership again? That’s the question of the moment. With mortgage rates remaining low, the time may be ripe for renters to invest in something beyond a 12-month lease as rental affordability is beginning to border on unaffordability.

In the Twin Cities region, for the week ending March 14:

  • New Listings increased 20.6% to 1,765
  • Pending Sales increased 14.3% to 1,040
  • Inventory increased 1.4% to 13,523

For the month of February:

  • Median Sales Price increased 9.3% to $200,000
  • Days on Market increased 7.1% to 106
  • Percent of Original List Price Received increased 0.7% to 94.2%
  • Months Supply of Inventory increased 3.3% to 3.1

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.

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