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Twin Cities Market Update – May 13, 2014

Sunday, June 1, 2014   /   by Cristina Edelstein

Twin Cities Market Update – May 13, 2014

Twin Cities Market Update – May 13, 2014

 

Price increases, demand and an improving national economic scene paint a brighter housing landscape, according to the Mortgage Bankers Association, total week-over-week mortgage application volume rose 5.3 percent on a seasonally adjusted basis. The trends for the drivers of new housing starts are as important as the trends within residential real estate. Where you find money and jobs, you find a fruitful housing market.

 

In the Twin Cities region, for the week ending May 3:
• New Listings increased 1.4% to 1,856
• Pending Sales decreased 13.4% to 1,203
• Inventory increased 2.6% to 14,688

 

 

For the month of April:
• Median Sales Price increased 7.6% to $196,425
• Days on Market decreased 8.2% to 89%
• Percent of Original List Price Received decreased 0.2% to 95.8%
• Months Supply of Inventory remained flat at 3.

 

 

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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