Monday, November 19th, 2012


Housing continues to be a bright spot in the national economy. Locally, we enjoyed more sales and additional seller activity. As prices firm up, some sellers will be lifted out of unenviable positions while others will receive a confidence booster. That’s a good thing, since buyers at some price points are struggling to find inventory. Additional evidence of turnaround will come by way of days on market, the average ratio of sold to list price and absorption rates generally under five months.

In the Twin Cities region, for the week ending November 10:

  • New Listings decreased 9.0% to 1,015
  • Pending Sales increased 11.3% to 883
  • Inventory decreased 29.1% to 15,007

For the month of October:

  • Median Sales Price increased 14.8% to $175,000
  • Days on Market decreased 25.3% to 103
  • Percent of Original List Price Received increased 3.5% to 94.5%
  • Months Supply of Inventory decreased 40.5% to 3.7

Click here for the full Weekly Market Activity Report.

From The Skinny.

Posted in Weekly Report |
Monday, November 12th, 2012


1.3 million. That’s how many Americans were reportedly lifted out of underwater mortgage situations this year from rising home prices, according to the Obama administration’s October Housing Scorecard. There’s more going on than meets the eye here. Rising prices also help restore tax base, decreasing the likelihood of tax increases later. National GDP even benefits. When real estate is chugging along, things are good. And now, arguably more so than ever in the past four or
five years, real estate is starting to chug again. It’s not at full speed yet, but the open track ahead beckons.

In the Twin Cities region, for the week ending November 3:

  • New Listings decreased 1.0% to 1,125
  • Pending Sales increased 25.3% to 930
  • Inventory decreased 27.7% to 15,434

For the month of October:

  • Median Sales Price increased 14.8% to $174,995
  • Days on Market decreased 25.0% to 103
  • Percent of Original List Price Received increased 3.5% to 94.4%
  • Months Supply of Inventory decreased 41.0% to 3.7

Click here for the full Weekly Market Activity Report.

From The Skinny.

Posted in Weekly Report |
Monday, November 12th, 2012


1.3 million. That’s how many Americans were reportedly lifted out of underwater mortgage situations this year from rising home prices, according to the Obama administration’s October Housing Scorecard. There’s more going on than meets the eye here. Rising prices also help restore tax base, decreasing the likelihood of tax increases later. National GDP even benefits. When real estate is chugging along, things are good. And now, arguably more so than ever in the past four or
five years, real estate is starting to chug again. It’s not at full speed yet, but the open track ahead beckons.

In the Twin Cities region, for the week ending November 3:

  • New Listings decreased 1.0% to 1,125
  • Pending Sales increased 25.3% to 930
  • Inventory decreased 27.7% to 15,434

For the month of October:

  • Median Sales Price increased 14.8% to $174,995
  • Days on Market decreased 25.0% to 103
  • Percent of Original List Price Received increased 3.5% to 94.4%
  • Months Supply of Inventory decreased 41.0% to 3.7

Click here for the full Weekly Market Activity Report.

From The Skinny.

Posted in Weekly Report |
Saturday, November 10th, 2012

Have you tried out “The Thing”?

An interactive market analytics tool from 10K Research and Marketing, a division of the Minneapolis Area Association of REALTORS®. Updated nightly.

http://thething.mplsrealtor.com/interactive

Median Sales Price for Twin Cities Region.

Tuesday, November 6th, 2012

Enter your address into Polling Place Finder to find out important voting information for your precinct, including:

  • Your Polling Place (where you vote, map & directions)
  • Districts for your precinct (including maps)
  • “Candidates on My Ballot” (candidates and questions on the ballot at your next election, when available)
  • http://pollfinder.sos.state.mn.us/

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