Weekly Market Report

There’s no dainty tiptoeing through the tulips this spring, as market flower fields are blooming with speculation. Sales and new listings are up, and hope for a fluorescent spring market is flourishing. An increase in inventory is the desire at this point in the season, as more properties for sale should nudge first-time home buyers to sow their fledgling seeds in the housing market and encourage move-up buyers to say goodbye to familiar flower beds in favor of an upsized plot across town.

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

  • New Listings increased 19.9% to 1,925
  • Pending Sales increased 1.8% to 1,157
  • Inventory decreased 2.4% to 13,736

For the month of March:

  • Median Sales Price increased 7.6% to $190,000
  • Days on Market decreased 11.1% to 96
  • Percent of Original List Price Received remained flat at 95.0
  • Months Supply of Inventory decreased 6.1% to 3.1

All comparisons are to 2013

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

Weekly Market Report

April reporting brings hope as tulips and FOR SALE signs begin to brighten the housing landscape. Along with that hope is a little uncertainty about some regions’ year-over-year sales and inventory figures. Fear not, however, because rates are still lower than most years in modern memory, there’s proof of an improving mix of properties for sale on the national landscape and upward price pressure continues to motivate potential home buyers. Watch listing activity closely for more hints as to what may be unearthed next.

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

  • New Listings increased 6.1% to 1,839
  • Pending Sales decreased 7.1% to 1,026
  • Inventory decreased 3.6% to 13,241

For the month of March:

  • Median Sales Price increased 7.6% to $190,000
  • Days on Market decreased 12.0% to 95
  • Percent of Original List Price Received remained flat at 95.0
  • Months Supply of Inventory decreased 6.1% to 3.1

All comparisons are to 2013

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

Weekly Market Report

As April encroaches and spring feels more official, so does the possibility of a brightened, exciting housing market. Even though some areas across the country have seen a pause in buyer activity, the fundamentals remain positive. Traditional home buyers are apt to bud like a spring mix of lavender, peonies and tulips. And home prices are rising as surely as soil is being tilled for another fruitful season, adding even more to those warm fuzzy feelings sure to come.

In the Twin Cities region, for the week ending March 29:

  • New Listings increased 18.4% to 1,599
  • Pending Sales decreased 5.6% to 1,101
  • Inventory decreased 5.5% to 13,056

For the month of February:

  • Median Sales Price increased 14.4% to $183,000
  • Days on Market decreased 10.8% to 99
  • Percent of Original List Price Received decreased 0.2% to 93.6%
  • Months Supply of Inventory decreased 9.4% to 2.9

All comparisons are to 2013

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

Weekly Market Report

This spring, investors are expected to play a less dominant role since there are fewer attractive bargains to be had. This allows room for younger families and individuals fed up with rent hikes. The affordability picture has come down but remains attractive, pressured by rising but not fully recovered prices and slightly higher rates. Despite some inventory shortages, several local markets are in balanced territory heading into the peak selling season.

In the Twin Cities region, for the week ending March 22:

  • New Listings increased 2.6% to 1,490
  • Pending Sales decreased 6.9% to 1,010
  • Inventory decreased 6.8% to 12,791

For the month of February:

  • Median Sales Price increased 14.4% to $183,000
  • Days on Market decreased 10.8% to 99
  • Percent of Original List Price Received decreased 0.2% to 93.6%
  • Months Supply of Inventory decreased 12.5% to 2.8

All comparisons are to 2013

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

Weekly Market Report

Spring is finally beginning to show its face after a long, cold winter in many parts of the country. Generally, housing activity is waking up as well. It’s been a slow start to the selling season thus far, but many believe this has more to do with the weather and lack of inventory than it does demand. Any gains may be moderate compared to a year ago, but most experts agree that market normalcy and stabilization are upon us.

In the Twin Cities region, for the week ending March 15:

  • New Listings decreased 0.9% to 1,462
  • Pending Sales decreased 13.1% to 912
  • Inventory decreased 8.2% to 12,475

For the month of February:

  • Median Sales Price increased 14.4% to $183,000
  • Days on Market decreased 10.8% to 99
  • Percent of Original List Price Received decreased 0.2% to 93.6%
  • Months Supply of Inventory decreased 12.5% to 2.8

All comparisons are to 2013

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

Weekly Market Report

More daylight should help bring more hours of long-desired activity to the housing market. As the spring market dawns, sellers may see prices continue to rise and more homes should find their way to market. As long as the economy continues to gain momentum and mortgages remain low, previously underwater sellers and eager buyers should find opportunities to talk business.

In the Twin Cities region, for the week ending March 8:

  • New Listings increased 6.5% to 1,454
  • Pending Sales decreased 14.7% to 821
  • Inventory decreased 9.4% to 12,118

For the month of February:

  • Median Sales Price increased 14.4% to $183,000
  • Days on Market decreased 10.8% to 99
  • Percent of Original List Price Received decreased 0.2% to 93.6%
  • Months Supply of Inventory decreased 12.5% to 2.8

All comparisons are to 2013

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

Weekly Market Report

Extreme winter weather may be partly responsible for sluggish durable goods sales, consumer spending, business inventories and exports. As more income goes toward heating bills, four-wheel alignments, frozen pipes and other winter expenses, there is less (or no) remaining discretionary income. Several southern cities were paralyzed by winter storms, costing the economy billions in lost productivity, while consumers were forced to hunker down for much of the winter in the Midwest and Northeast. Consumers should be more than ready for warmer days ahead.

In the Twin Cities region, for the week ending March 1:

  • New Listings decreased 12.6% to 1,245
  • Pending Sales decreased 8.6% to 901
  • Inventory decreased 9.1% to 12,079

For the month of February:

  • Median Sales Price increased 14.4% to $183,044
  • Days on Market decreased 10.8% to 99
  • Percent of Original List Price Received decreased 0.3% to 93.5%
  • Months Supply of Inventory decreased 12.5% to 2.8

All comparisons are to 2013

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

Weekly Market Report

Early 2014 data is telling us that the trend is still one of improvement, albeit not at the speedy pace we’d prefer. Spring hasn’t arrived yet and we’ll have to weather a few more months of unpredictable weather before the sing-song tempo of May markets return. Although we await warmer days ahead, there’s no need to wait to gear up for a headier market. Remaining on top of weekly trends and using data to bolster marketing efforts makes for a winner dinner.

In the Twin Cities region, for the week ending February 22:

  • New Listings decreased 10.5% to 1,051
  • Pending Sales decreased 17.5% to 726
  • Inventory decreased 8.9% to 12,089

For the month of January:

  • Median Sales Price increased 11.6% to $178,500
  • Days on Market decreased 12.3% to 93
  • Percent of Original List Price Received remained flat at 93.5
  • Months Supply of Inventory decreased 12.5% to 2.8

All comparisons are to 2013

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

Weekly Market Report

Housing starts haven’t been quite as robust as forecast, climatological factors have chilled demand in many places and dramatic declines in foreclosure activity has become the norm in several housing markets. These factors can sometimes pull down overall sales numbers, so it’s important to dig beneath the headlines. All of this looks and feels like a natural part of the transition toward a healthier marketplace. Prices are still experiencing upward pressure, and sellers are still receiving competitive offers.

In the Twin Cities region, for the week ending February 15:

  • New Listings decreased 2.9% to 1,162
  • Pending Sales decreased 8.4% to 816
  • Inventory decreased 9.7% to 11,965

For the month of January:

  • Median Sales Price increased 12.4% to $179,850
  • Days on Market decreased 12.3% to 93
  • Percent of Original List Price Received remained flat at 93.5
  • Months Supply of Inventory decreased 15.6% to 2.7

All comparisons are to 2013

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

Weekly Market Report

With the first days of February under our belts, it’s safe to say that housing has managed to weather the heart of winter with little issue. Although 2014 activity may appear sluggish compared to gangbuster 2013, housing has stabilized and should continue to find moderate footing. Look for some signs of inventory and sales activity thawing, but keep your jacket handy as activity always varies by location and segment.

In the Twin Cities region, for the week ending February 8:

  • New Listings decreased 3.0% to 1,193
  • Pending Sales decreased 8.8% to 794
  • Inventory decreased 10.2% to 11,809

For the month of January:

  • Median Sales Price increased 12.4% to $179,850
  • Days on Market decreased 12.3% to 93
  • Percent of Original List Price Received remained flat at 93.5
  • Months Supply of Inventory decreased 15.6% to 2.7

All comparisons are to 2013

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