Here is this week’s Skinny on the Twin Cities real estate market from the Minneapolis Area Association of Realtors;

“The January 2010 Twin Cities housing market has shaped up to be
nearly identical to January 2009.

• Pending sales are down slightly from a year ago, but not by much.
• New listings are down slightly from a year ago, but not much.
• Inventory is rising slowly, but not much.

After the roller coaster ride the local market has experienced over the
last four years, perhaps “not by much” is a welcome respite.

• There were 558 signed purchase agreements for the week ending
  January 23, down 2.3 percent from a year ago.
• New listings posted 1,522 units, down 0.6 percent from a year ago.
• The current inventory of active listings is 20,629, down 17.5 percent
  from a year ago.

The February 2010 Supply-Demand Ratio sits at 6.99, which means
there are 6.99 homes available for each buyer. That’s a drop of 8.5
percent from a year ago and the lowest February mark since 2006.”

-© Minneapolis Area Association of REALTORS®, Inc.-

Market Report for the Twin Cities Area

Market Report for Minneapolis

Market Report for St. Paul

Market Report for Roseville

Market Report for Shoreview

Market Report for Vadnais Heights

Market Report for Little Canada

Market Report for White Bear Lake

Market Report for Woodbury

Market Report for Arden Hills

Market Report for Lino Lakes

Market Report for Forest Lake

Market Report for Plymouth

Would you like a real estate Market Report for your area? Just let me know, I will gladly forward you a Market Report for your community. Over 200 Twin Cities communities available!

Here is this week’s Skinny on the Twin Cities real estate market from the Minneapolis Area Association of Realtors;

“Activity continues to pick up in the Twin Cities housing market as
sellers and buyers bid a sad farewell to the Viking’s football season
and the dormant holiday market begins to thaw. New listings, sales
and inventory are steadily increasing as we prepare for the spring
selling season.

For the week ending January 16 there were 571 signed purchase
agreements, up 4.0 percent from a year ago. That’s only the second
week of year-over-year increase in the last nine. New listings were 8.3
percent higher than a year ago at 1,668, and the total inventory of
homes available for sale currently sits at 20,459, down 18.9 percent
from last year at this time.

With an extreme shortage of inventory in some of the lower price
ranges, new listings may be welcome in that segment for the first time
in several years. In the upper price ranges, sales activity is still
declining and new sellers face a tougher market.”

-© Minneapolis Area Association of REALTORS®, Inc.-

Market Report for the Twin Cities Area

Market Report for Minneapolis

Market Report for St. Paul

Market Report for Roseville

Market Report for Shoreview

Market Report for Vadnais Heights

Market Report for Little Canada

Market Report for White Bear Lake

Market Report for Woodbury

Market Report for Arden Hills

Market Report for Lino Lakes

Market Report for Forest Lake

Market Report for Plymouth

Would you like a real estate Market Report for your area? Just let me know, I will gladly forward you a Market Report for your community. Over 200 Twin Cities communities available!

Here is this week’s Skinny on the Twin Cities real estate market from the Minneapolis Area Association of Realtors;

“The first full week of reporting for the Twin Cities housing market is in
and while there are a few “green shoots,” it’s becoming clear so far
that the market won’t see the same spectacular growth in sales it saw
at the beginning of 2009.

There were 520 pending sales for the week ending January 9, down
1.7 percent from the same week in 2009. That’s the seventh week of
the last nine to see fewer sales than the prior year, a time period that
coincides closely with the initial expiration date of the first-time home
buyer tax credit. However, we’re still 21.2 percent higher than the pace
in 2008 for that period.

As you likely know, the credit’s been expanded to include a $6,500
incentive for buyers who have owned a home for five years of the last
eight. Since we can safely assume that many of these buyers will need
to sell their home first before buying a new one and receiving the
credit, we can look to our new listings numbers to see how much effect
the new credit is having. So far, it doesn’t appear to be much.

Over the last three months, the number of new listings has been 11.7
percent behind the same period one year prior. With many looking for
continued “seedlings” of hope in the local housing market, this isn’t
welcome news. As always, we’ll be keeping a close eye on things and
reporting back what we see.”

-© Minneapolis Area Association of REALTORS®, Inc.-

Market Report for the Twin Cities Area

Market Report for Minneapolis

Market Report for St. Paul

Market Report for Roseville

Market Report for Shoreview

Market Report for Vadnais Heights

Market Report for Little Canada

Market Report for White Bear Lake

Market Report for Woodbury

Market Report for Arden Hills

Market Report for Lino Lakes

Market Report for Forest Lake

Market Report for Plymouth

Would you like a real estate Market Report for your area? Just let me know, I will gladly forward you a Market Report for your community. Over 200 Twin Cities communities available!

Here is this week’s Skinny on the Twin Cities real estate market from the Minneapolis Area Association of Realtors;

“Housing activity for the week ending January 2, 2010 took a
predictable surge upward following the holiday break. New listings rose
to 688 for the week—down 37.3 percent from a year ago—while
pending sales posted a number of 378—down 11.7 percent from a
year ago. We will likely have to wait another week for all the holidays
and frosty weather to get flushed from our year-over-year comparisons
to get a full understanding of where our market is headed.

A few additional stats for the New Year:

Housing Affordability continues at historic levels: rising to 208 for
January, an 8.3 percent increase from the previous year and a good
sign for buyers in the year to come.

The Months’ Supply of Inventory is back in balanced market territory at
5.0 months. This is a dramatic 34.2 percent under the supply at the
beginning of last year.

With a balancing supply and demand and the possibility of rising
interest rates on the horizon, this is a unique opportunity time for Twin
Cities’ home buyers.”

-© Minneapolis Area Association of REALTORS®, Inc.-

Market Report for the Twin Cities Area

Market Report for Minneapolis

Market Report for St. Paul

Market Report for Roseville

Market Report for Shoreview

Market Report for Vadnais Heights

Market Report for Little Canada

Market Report for White Bear Lake

Market Report for Woodbury

Market Report for Arden Hills

Market Report for Lino Lakes

Market Report for Forest Lake

Market Report for Plymouth

Would you like a real estate Market Report for your area? Just let me know, I will gladly forward you a Market Report for your community. Over 200 Twin Cities communities available!