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Twin Cities Market Update – June 3, 2014

Wednesday, June 11, 2014   /   by Cristina Edelstein

Twin Cities Market Update – June 3, 2014

Twin Cities Market Update – June 3, 2014

 

Complete housing recovery is insight with rising home prices and low inventory. Even though improvements appear flat in nature as we progress through each month, year-over-year comparisons still show encouraging overall trends. Things are looking bright as we head into the summer months.

 

In the Twin Cities region, for the week ending May 24:
• New Listings increased 3.9% to 1,870
• Pending Sales decreased 3.0% to 1,294
• Inventory increased 5.6% to 15,957

 

 

For the month of April:
• Median Sales Price increased 7.5% to $196,158
• Days on Market decreased 9.3% to 88
• Percent of Original List Price Received decreased 0.1% to 95.9%
• Months Supply of Inventory increased 2.9% to 3.5

 

 

by 

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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