Twin Cities Weekly Market Activity... by Twin Cities Homes for Sale

By
Real Estate Agent with Coldwell Banker Burnet Realty

 

Twin Cities Weekly Market Activity… by Twin Cities Homes for Sale

 

 

Twin Cities Weekly Market Activity

As of March 29, 2010

 

 

                                                2010                2009                % Change

New Listings                            2,277               1,768               +28.8%

Active Listings                         25,122             26,064               -3.6%

Pending Sales                             950                  862              +10.2%

Days on Market until Sale             142                  157                -9.7%

Percent of Original Price

            Received at Sale              92.3%              89.3%            +3.4%

Supply-Demand Ratio

            (# homes /buyer)              5.39                 5.79              -6.9%

Months Supply of Inventory            5.50                 7.70             -28.6%

 

NEW! Hennepin County price range breakdown for pending transactions:

                                           Current Week       Compared to last Week

$0 - $200,000                             237                                 -2

$200,000 - $500,000                  155                                 -1

$500,000 - 1,000,000                   21                                 -2

Over $1,000,000                           3                                  -1

 

Twin Cities are experiencing a rush of homes coming on the market.  So, competition is increasing for the home sellers. However, the actual pending sales dropped off somewhat.  Perhaps buyers are taking a little longer to find the right home.

 

Contact me for a FREE detailed MARKET ANALYSIS of your home,

Or for FREE comprehensive RELOCATION PACKET.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Contact Marzena M. Melby, GRI, CDPE, Broker/Partner, Counselor Realty, Inc., Licensed REALTOR® in the state of Minnesota at 612-267-6798 or by email.

Visit my website to search homes for sale in the Twin Cities and surrounding areas.

Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Twin Cities Homes 4 Sale Blog does not guarantee, or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Twin Cities Homes 4 Sale Blog represent the opinions and ideas of the author. Twin Cities Homes 4 Sale Blog does not express the views of Counselor Realty, Inc. or its other partners or agents.

Recent Articles: 

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Twin Cities Market Update: “The Skinny” for March 2010

Richfield Point-of-Sale Information… by Twin Cities Homes for Sale

New HUD Acquired Listings… by Twin Cities Homes for Sale

 

Copyright © 2010 by Marzena M. Melby, All Rights Reserved

 

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Show All Comments
Rainmaker
1,417,625
Tom Braatz
Re/Max Realty Center 262-377-1459 - Oconomowoc, WI
Waukesha County Realtor Real Estate agent,Waukesha

Marzena

The Twin Cities are lucky to have an agent that is on top of all the market conditions and sales. Great market report.

Mar 30, 2010 09:10 AM #1
Rainmaker
201,298
Marzena Melby
Coldwell Banker Burnet Realty - Richfield, MN
Realtor, Twin Cities Minnesota Real Estate

Thank you, Tom.  Market is changing so fast.

Mar 30, 2010 09:35 AM #2
Rainmaker
605,846
Teri Eckholm
REMAX Results - White Bear Lake, MN
Acreage & Lakeshore REALTOR Minneapolis St Paul

Marzena--Nice area update...Looks like people are getting their homes on the market this spring!

Mar 31, 2010 11:06 AM #3
Rainmaker
201,298
Marzena Melby
Coldwell Banker Burnet Realty - Richfield, MN
Realtor, Twin Cities Minnesota Real Estate

Thank you, Teri.  Yes, they are.  Throughout Richfield, for sale signs are popping up everywhere!

Mar 31, 2010 02:39 PM #4
Rainer
62,307
Mary Jo Quay
Remax Advantage Plus - Minneapolis, MN

Hi Marzena,

Always good to check our stats.  I think most of us are finding that prices are upticking a bit, and there is more competition in the first time buyer category.  With the warm weather and a little sunshine everything looks better. 

Mar 31, 2010 03:26 PM #5
Rainmaker
201,298
Marzena Melby
Coldwell Banker Burnet Realty - Richfield, MN
Realtor, Twin Cities Minnesota Real Estate

Mary Jo,

Competition in the first time buyer price ranges is really heating up.  Buyers who take their time deciding on making an offer may very well loose out on a good home.

Apr 01, 2010 06:52 AM #6
Ambassador
1,902,390
Nestor & Katerina Gasset
International Properties and Investments LLC - Wellington, FL
Realtors, Wellington Florida Homes For Sale
Great stuff Marzena. This area update is very informative and easy to understand. Thank you for posting.
Apr 10, 2014 10:26 PM #7
Show All Comments
Rainmaker
201,298

Marzena Melby

Realtor, Twin Cities Minnesota Real Estate
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