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Twin Cities Market Update – June 10, 2014

Wednesday, June 11, 2014   /   by Cristina Edelstein

Twin Cities Market Update – June 10, 2014

Twin Cities Market Update – June 10, 2014


 


Twin Cities Market Update: 


 


Sales are generally coming in slower this year compared to last year, and the market continues to find its way toward balance despite relatively low inventory. This may trick the housing novice into believing that the U.S. market is headed for a disappointing summer season. Not so fast. Although housing may not be as booming as early 2013, it isn’t anywhere near as bust of late 2008. The stabilization of housing is still evolving and balancing really well.


 


In the Twin Cities region, for the week ending May 31:


• New Listings increased 1.8% to 1,744


• Pending Sales decreased 4.7% to 1,110


• Inventory increased 6.1% to 16,231


 


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 8.3% to 3.9


 


 


 


 


 

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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