Weekly Market Report


You can have data without information, but you cannot have information without data. In real estate, numbers aren’t just numbers. Numbers tell consumers how much house they can afford. Numbers tell agents whether their customers are buying into appreciating or depreciating communities. Numbers forewarn against bubble inflation. They also offer insight into which way the pendulum is swinging: toward buyers or sellers. Numbers have a calming way of removing uncertainty from decisions. Let’s examine our most recent set of numbers.

In the Twin Cities region, for the week ending January 26:

  • New Listings decreased 4.9% to 1,038
  • Pending Sales increased 3.1% to 800
  • Inventory decreased 31.4% to 12,245

For the month of December:

  • Median Sales Price increased 15.9% to $168,000
  • Days on Market decreased 23.4% to 108
  • Percent of Original List Price Received increased 3.5% to 93.8%
  • Months Supply of Inventory decreased 40.0% to 3.0

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

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Weekly Market Report


The best real estate professionals leverage the power of data to deliver excellent value and real market understanding to customers. With the exceptional tools at their disposal, they can help buyers and sellers understand market trends and make important decisions. Real estate is “hot” again, even during the winter months, but nobody is predicting a rocket ship rise. It helps everybody if this market recovery incline is smooth and steady, like the gentle flow of a hot air balloon. Here are the numbers for this week.

In the Twin Cities region, for the week ending January 19:

  • New Listings decreased 1.6% to 1,077
  • Pending Sales increased 17.4% to 822
  • Inventory decreased 31.6% to 12,197

For the month of December:

  • Median Sales Price increased 15.9% to $168,000
  • Days on Market decreased 23.4% to 108
  • Percent of Original List Price Received increased 3.5% to 93.8%
  • Months Supply of Inventory decreased 40.0% to 3.0

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

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January Monthly Skinny Video

Where has the Twin Cities real estate market been and where is it heading? This monthly summary provides an overview of current trends and projections for future activity. Narrated by Andy Fazendin (2013 President, Minneapolis Area Association of REALTORS®) and Cari Linn (2012 President, Minneapolis Area Association of REALTORS®), video produced by Chelsie Lopez.

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Weekly Market Report


The first full week of 2013 market data looks a lot like most of 2012 did. But let’s go beyond the obvious. Consider this: Americans formed substantially more new households in 2012 than we built, which is partly responsible for the ongoing declines in active listings. Our population continues to expand from both natural reproduction and in-migration. But builders and lenders lacked the confidence and risk appetite to build in larger volumes. Unlike our sluggish jobs recovery, this imbalance actually stands to further fuel our fledgling housing recovery. If only all those new households could secure adequate employment, we’d be off to the races.

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

  • New Listings decreased 8.0% to 1,120
  • Pending Sales increased 4.3% to 722
  • Inventory decreased 31.7% to 12,123

For the month of December:

  • Median Sales Price increased 15.9% to $168,000
  • Days on Market decreased 23.4% to 108
  • Percent of Original List Price Received increased 3.5% to 93.8%
  • Months Supply of Inventory decreased 42.0% to 2.9

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

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Weekly Market Report


With 2012 in the books, we’re starting to see some 2013 activity trickle in. Watch for continuations of last year’s trends: less inventory, strong buyer activity and firmer prices. It’s hard to believe spring is just around the corner, but would-be spring sellers are noticing the changes that have taken place. It’s a much less scary time to sell a home. Foreclosure activity will also be a key metric to watch. For the current cycle, here’s what the data shows.

In the Twin Cities region, for the week ending January 5:

  • New Listings decreased 34.6% to 832
  • Pending Sales increased 12.7% to 594
  • Inventory decreased 31.1% to 12,000

For the month of December:

  • Median Sales Price increased 16.2% to $168,452
  • Days on Market decreased 23.4% to 108
  • Percent of Original List Price Received increased 3.5% to 93.8%
  • Months Supply of Inventory decreased 42.0% to 2.9

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

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