“The Twin Cities housing market in early 2010 looks pretty much like it
did in early 2009. How similar? Over the last three months, there have
been 7,189 signed purchase agreements; there were 7,186 a year ago
during the same time period. Eerie, no? Robotic precision.

For the week ending February 13, there were 711 pending sales, down
2.7 percent from last year, and new listings posted 1,764 units, up 4.9
percent from a year ago. The only thing that’s really changed much is
the supply of available homes, which continues to dwindle relative to a
year ago. The current stock of 22,271 available homes represents a
12.4 percent decline from a year ago.”

-© 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!

Sunday, February 21st from 1:00pm until 3:00pm

6151 144th Street N
Hugo, MN 55038
- Click here for more information -

I’d love to have you stop by
or pass the information along.

Thanks - Gregg

“The Twin Cities housing market at the beginning of 2010 continues to
look similar to the Twin Cities housing market at the beginning of 2009.
There were 1,848 new listings for the week ending February 6, a 3.8
percent increase from the same week last year. On a similar track,
there were 780 pending sales for the same week, 4.7 percent above
last year.

With supply dropping—now at 5.5 months of availability—it may be that
potential buyers are all too familiar with the inventory they have to
choose from, especially in the lower price ranges where sales have
been through the roof in the last year and inventory has dropped
quickly.”

-© 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!

“As winter continues its streak of cold and snow, sales activity in the
Twin Cities housing market is moving along at a pace you’d expect for
the season and at about the same pace as a year ago. Pending sales
for the week ending January 30 came in at 650, down very slightly
from the mark of 673 seen during the same week last year. Over the
last three months, there have been 7,038 signed purchase
agreements, up a sliver-sized 0.7 percent from a year ago.

Despite the tax credit being made available to current homeowners,
new listing activity has yet to show any noticeable jump. The 1,584
new listings for the most recent reporting week represent a dip of 3.1
percent from a year ago. Total inventory of available homes is still
down from last year by 16.5 percent.

In related news, Days on Market Until Sale is still dropping while the
Percent of Original List Price Received at Sale is still growing. While
that’s good news on both fronts for home sellers in general, different
price points and neighborhoods are experiencing dramatically different
market conditions.”

-© 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!

“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!

“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!

“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!

“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!

“The last week of 2009 found the Twin Cities housing market singing
Auld Lang Syne and taking a breather. For the first time in four years,
the active listing inventory dropped below 20,000. Chiming in the New
Year at 18,980, inventory is at its lowest point since April 2005 and is
22 percent below last year at this time. Also of note, January’s Supply-
Demand Ratio of 6.69 houses per buyer is 20.6 percent behind a year
ago.

New listings for the week ending December 26 dropped 18.9 percent
from last year to 446. The 392 purchase agreements for the week
were up a merry 53.1 percent above the previous year; while a
significant jump, this reflects a small sample size.

We expect 2010 to begin slowly as car starting becomes more
important than house hunting during the frigid conditions we’re
presently experiencing in the metro area.”

-© 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!

“‘Twas the week before Christmas, and all through the market,
Realtors were selling houses in the Twin Cities, some wearing parkas.

For the week ending December twelfth there was such a clatter,
Pending sales flattened out, unlike a step ladder.

542 for the week, which was 2.5 percent under last year,
When market volatility was in the stratosphere.

New listings were down to a more normal fashion,
With 1,028 added this week, a stable ration.

Santa may be bringing sellers some Christmas luck,
With the laws of supply and demand in flux.

“On Original Price, on Days on Market!” he calls,
But Housing Affordability makes sellers feel mighty tall.

With just one week left in the year 2009,
The Twin Town Market looks to end just fine.”

-© 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!