Some goodbyes are easier than others. As we bid farewell to the economic uncertainties of 2014, all eyes are fixated on what 2015 might bring. The economy – specifically job growth – picked up steam in the second half of the year, and that should continue. Housing performed reasonably well, but some metrics didn’t improve as much as in 2013. The new year should bring new listings, new inventory and new buyers to the marketplace.

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

  • New Listings increased 7.1% to 1,030
  • Pending Sales increased 17.8% to 642
  • Inventory decreased 6.1% to 11,999

For the month of December:

  • Median Sales Price increased 5.2% to $200,000
  • Days on Market increased 3.5% to 89
  • Percent of Original List Price Received decreased 0.6% to 94.1%
  • Months Supply of Inventory remained flat at 2.9

All comparisons are to 2014

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