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Twin Cities Market Update

Tuesday, April 29, 2014   /   by Cristina Edelstein

Twin Cities Market Update

Twin Cities Market Update

 

Sales and new listings are up and the spring market is flourishing. An increase in inventory is the desire of the buyer pool at this point in the season, as more properties for sale should nudge first-time home buyers to sow their fledgling seeds in the housing market and encourage move-up buyers to say goodbye to their homes in favor of an upsized plot across town.

 

In the Twin Cities region, for the week ending April 12:
• New Listings increased 19.9% to 1,925
• Pending Sales increased 1.8% to 1,157
• Inventory decreased 2.4% to 13,736

 

 

For the month of March:
• Median Sales Price increased 7.6% to $190,000
• Days on Market decreased 11.1% to 96
• Percent of Original List Price Received remained flat at 95.0
• Months Supply of Inventory decreased 6.1% to 3.1

 

 

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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