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Minnesota Homes -Weekly Data

By Posted in - MN Real Estate & News & Press on April 6th, 2011 0 Comments

Minnesota Home Data Reports

Each week the Minneapolis Realtors Association reports key data points for the Twin Cities metro area.   Some of the key indicators are pending sales, new listings, months supply of inventory, list price to sales price ratio and several other metrics to track the Twin Cities market.  Click to view the full report:  http://www.mplsrealtor.com/downloads/market/WMAR/wmar.pdf

Key Findings for the Week of April 4th Report

Stated in the Association of Realtors Report-

“For the week ending March 26, Pending Sales in the Twin Cities metro posted a 27.2 percent decrease from the same week last year to 764 purchase agreements.  Sellers listed 1,402 or 37.4 percent fewer homes than they did during the same week in 2010. The repetitive mantra says: “Don’t put too much stock in these yearover-year comparisons since we’re up against an elevated baseline due to the 2010 home buyer tax credit.”In the meantime, the gap between this year’s and last year’s inventory levels continues to grow. The current number of Active Listings for Sale looks and feels 12.3 percent leaner than last year at this time. Buyers currently have 22,158 properties to choose from, which is the lowest total at this point in the year since 2005.

Good news for Buying a Home in Minnesota?

Afford ability is at a multi-decade high and rates are low.  Inventory is down and prices can’t fall forever!

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