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Twin Cities Market Update – July 1, 2014

Saturday, July 12, 2014   /   by Cristina Edelstein

Twin Cities Market Update – July 1, 2014

Twin Cities Market Update – July 1, 2014

 

The season of backyard grilling, outdoor festivals and extended family vacations is upon us. Those who are already safely tucked in an owned home are not likely thinking much about the housing market, but those who are fixing to buy or sell are living it daily. Not enough inventory or not enough money offered for purchase? Too high a price or multiple offers on the table? The answers are ever evolving and dependent upon location and situation. A new quarter of activity is almost in the books, but year-over-year comparisons on monthly and weekly activity may be more beneficial for those living the housing life.

 

In the Twin Cities region, for the week ending June 21:
• New Listings increased 6.3% to 1,910
• Pending Sales increased 3.1% to 1,216
• Inventory increased 7.5% to 17,365

 

 

For the month of May:
• Median Sales Price increased 8.2% to $210,000
• Days on Market decreased 7.0% to 80
• Percent of Original List Price Received decreased 0.2% to 96.8%
• Months Supply of Inventory increased 11.1% to 4.0

 

 

by Kerby Skurat

RE/MAX Results
Kerby Skurat
1143 South Shore Dr.
Plymouth, MN 55441
612-444-1110

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Kerby Skurat - Re/Max Results / WINBACK are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright2021Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated October 16, 2021
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