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Twin Cities Market Update – May 6, 2014

Friday, May 30, 2014   /   by Cristina Edelstein

Twin Cities Market Update – May 6, 2014

Twin Cities Market Update – May 6, 2014

 

There have already been a few items to watch in the burgeoning spring market, particularly around price, sales and inventory. Median sales prices are on the rise while sales have been a wee bit stubborn emerging from winter hibernation. Meanwhile, more choices are still needed for eager buyers. There’s still plenty of time for the market to catch fire, and there’s no reason to believe that it won’t.

 

In the Twin Cities region, for the week ending April 26:
• New Listings increased 25.6% to 1,906
• Pending Sales decreased 2.4% to 1,212
• Inventory increased 0.5% to 14,318

 

 

For the month of March:
• Median Sales Price increased 7.6% to $189,950
• Days on Market decreased 12.0% to 95
• Percent of Original List Price Received remained flat at 95.0
• Months Supply of Inventory decreased 3.0% to 3.2

 

 

 

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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