Author Archives: Pat Delaney

The season of crisp leaves, autumn colors and, yes, pumpkin spice lattes is upon us. Just in time for the fall equinox, mortgage applications have risen according to the Mortgage Bankers Association. Though the season will likely slow things considerably in some areas, it seems that buyers are not quite ready to succumb to the cinnamon haze that is fall just yet.

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

• New Listings increased 10.3% to 1,621
• Pending Sales decreased 5.0% to 930
• Inventory increased 9.4% to 18,644

For the month of August:

• Median Sales Price increased 5.3% to $219,000
• Days on Market decreased 2.9% to 68
• Percent of Original List Price Received decreased 0.7% to 96.3%
• Months Supply of Inventory increased 18.4% to 4.5

All comparisons are to 2013

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

As September deepens, a certain level of seasonal housing market cooling is bound to occur, but year-over-year trends do not seem poised to offend. Overheated and undercooked markets might make pretty for media outlets, yet a balanced market is the best friend of the buyer, the seller and, frankly, the real estate practitioner. Seasonal dips are nothing to fret over. It is now and will continue to be best to measure residential real estate activity not by months but by years.

In the Twin Cities region, for the week ending September 13:

• New Listings increased 1.6% to 1,650
• Pending Sales decreased 1.0% to 993
• Inventory increased 9.5% to 18,513

For the month of August:

• Median Sales Price increased 5.3% to $219,000
• Days on Market decreased 2.9% to 68
• Percent of Original List Price Received decreased 0.7% to 96.3%
• Months Supply of Inventory increased 15.8% to 4.4

All comparisons are to 2013

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