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Twin Cities Market Update – June 17, 2014

Thursday, June 26, 2014   /   by Cristina Edelstein

Twin Cities Market Update – June 17, 2014

Twin Cities Market Update – June 17, 2014

 

Price growth has been the result of low inventory in the market these days, and it would appear that the duration of the summer market will continue to see an increase in year-over-year median sales price. If inventory makes a significant leap, perhaps we’ll see a different sort of impact on housing prices. Until then, the longer buyers wait, the more risk they take of paying a little bit more for that house key.

 

In the Twin Cities region, for the week ending June 7:
• New Listings increased 10.3% to 2,154
• Pending Sales decreased 0.7% to 1,283
• Inventory increased 6.2% to 16,453

 

 

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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