Author Archives: Pat Delaney

For Week Ending March 5, 2016

Early March continues the 2016 trend of slow and steady home price increases across most of the country. Conversely, interest rates have remained low, keeping inventory and home sales balanced and the market healthy.

In the Twin Cities region, for the week ending March 5:

• New Listings increased 2.5% to 1,959
• Pending Sales increased 6.8% to 1,155
• Inventory decreased 18.7% to 11,145

For the month of February:

• Median Sales Price increased 3.8% to $207,500
• Days on Market decreased 9.4% to 96
• Percent of Original List Price Received increased 1.1% to 95.2%
• Months Supply of Inventory decreased 28.1% to 2.3

All comparisons are to 2015

Click here for the full Weekly Market Activity Report. From The Skinny Blog.

For Week Ending February 27, 2016

Strength in consumer spending and a towering peak in industrial production are both indicators that the economy has made strides early on in the year. Despite the continuing decline in inventory, the housing market should be a bright spot in the national economy.

In the Twin Cities region, for the week ending February 27:

• New Listings decreased 4.7% to 1,456
• Pending Sales increased 1.5% to 1,074
• Inventory decreased 17.8% to 11,056

For the month of January:

• Median Sales Price increased 10.3% to $215,000
• Days on Market decreased 15.8% to 85
• Percent of Original List Price Received increased 1.5% to 95.0%
• Months Supply of Inventory decreased 29.0% to 2.2

All comparisons are to 2015

Click here for the full Weekly Market Activity Report. From The Skinny Blog.

For Week Ending February 20, 2016

The U.S. dollar is increasing in strength, and along with it, home sales from both domestic and foreign buyers. While homes currently on the market are performing well, housing starts have seen a slight drop since entering 2016.

In the Twin Cities region, for the week ending February 20:

• New Listings increased 5.0% to 1,428
• Pending Sales decreased 4.0% to 920
• Inventory decreased 19.4% to 10,774

For the month of January:

• Median Sales Price increased 10.3% to $215,000
• Days on Market decreased 15.8% to 85
• Percent of Original List Price Received increased 1.5% to 95.0%
• Months Supply of Inventory decreased 29.0% to 2.2

All comparisons are to 2015

Click here for the full Weekly Market Activity Report. From The Skinny Blog.