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 Vadnais Heights
Market Report for Little Canada
Market Report for White Bear Lake
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!
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment