Author Archives: Pat Delaney

Inevitably, most housing markets tend to wind down at the end of each year. There are gifts to purchase, holiday travels to plan and kids to care for during winter break. This isn’t the case for all buyers and sellers, of course, but there are enough who follow this traditional path to create a trend view that shows creatures not stirring. Be prepared for at least two weeks of lessened activity before things pick up again in January.

In the Twin Cities region, for the week ending December 28:

• New Listings decreased 14.5% to 307
• Pending Sales decreased 7.8% to 400
• Inventory decreased 9.1% to 12,707

For the month of November:

• Median Sales Price increased 13.4% to $195,000
• Days on Market decreased 26.5% to 75
• Percent of Original List Price Received increased 1.3% to 95.4%
• Months Supply of Inventory decreased 10.8% to 3.3

All comparisons are to 2013

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

Gains in construction activity and job growth have made the Fed confident that moderate bond tapering won’t rock the resilient real estate market. Holiday happenings have bolstered an already healthy economy. And though winter vacation jubilee may accentuate seasonally lazy home sales, most local markets should show cozy year-over-year comparisons.

In the Twin Cities region, for the week ending December 21:

• New Listings decreased 15.3% to 558
• Pending Sales decreased 11.0% to 689
• Inventory decreased 7.3% to 13,283

For the month of November:

• Median Sales Price increased 13.4% to $195,000
• Days on Market decreased 26.5% to 75
• Percent of Original List Price Received increased 1.3% to 95.4%
Months Supply of Inventory decreased 11.1% to 3.2

All comparisons are to 2012

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