Inventory
Author Archives: Pat Delaney
Weekly Market Report
For Week Ending October 3, 2015
Recovery has been on fleek now for a while. On what? Okay, let’s use a more recognizable term, like on point. But we should all get used to the lingo of the new wave of buyers if we want to continue to set record-breaking bragging rights. With the summer now well behind us, the week-over-week market trends will begin to wane. Hopefully, the fleek remains in year-over-year comparisons and all will be well through the end of the year.
In the Twin Cities region, for the week ending October 3:
- New Listings decreased 7.2% to 1,371
- Pending Sales increased 1.7% to 1,077
- Inventory decreased 15.1% to 16,390
For the month of September:
- Median Sales Price increased 8.3% to $222,000
- Days on Market decreased 8.5% to 65
- Percent of Original List Price Received increased 1.0% to 96.6%
- Months Supply of Inventory decreased 26.1% to 3.4
All comparisons are to 2014
Click here for the full Weekly Market Activity Report. From The Skinny Blog.
Mortgage Rates Dip
The October 8 release of results of Freddie Mac’s Primary Mortgage Market Survey® (PMM®) shows average fixed mortgage rates dipping to their lowest level since the spring of this year.
New Listings and Pending Sales
Inventory
Inventory
Weekly Market Report
For Week Ending September 26, 2015
The national economy continues to show reason for optimism, and the residential real estate market has taken the cue to react positively. As mortgage rates hover along the lowest marks seen in decades and affordability remains relatively high, more people have would seemingly have an opportunity to buy a home. Sales figures have been showing that buyers are still active, but inventory figures are starting to show that sellers are, as a unit, lagging and possibly waiting until next spring to get into the action.
In the Twin Cities region, for the week ending September 26:
- New Listings decreased 2.7% to 1,390
- Pending Sales increased 9.0% to 1,021
- Inventory decreased 14.6% to 16,529
For the month of August:
- Median Sales Price increased 2.7% to $224,900
- Days on Market decreased 5.9% to 64
- Percent of Original List Price Received increased 0.8% to 97.1%
- Months Supply of Inventory decreased 21.7% to 3.6
All comparisons are to 2014
Click here for the full Weekly Market Activity Report. From The Skinny Blog.
Mortgage Rates Steady
Freddie Mac’s October 1 release of the results of its Primary Mortgage Market Survey® (PMM®) shows average fixed mortgage rates largely unchanged despite ongoing global growth concerns putting downward pressure on Treasury yields.
New Listings and Pending Sales
Inventory
