Monday, March 25th, 2013

Most housing markets across the country are continuing to chug along toward recovery as the local market begins its first buds into spring mode. New listings and overall inventory have become the prominent indicators to watch, as demand for quality homes to buy is up. Agents in some areas are seeing the highest prices and fastest selling times in years. Where it used to take months, it can now take mere days to sell an appealing home. Here’s a quick recap of the week that was.

In the Twin Cities region, for the week ending March 16:

• New Listings increased 4.9% to 1,475
• Pending Sales increased 11.9% to 1,094
• Inventory decreased 30.1% to 12,661

For the month of February:

• Median Sales Price increased 15.5% to $160,000
• Days on Market decreased 22.2% to 112
• Percent of Original List Price Received increased 3.4% to 93.7%
• Months Supply of Inventory decreased 38.8% to 3.0

Click Here to View Full Weekly Activity Report

Posted in Weekly Market Activity Reports |
Monday, March 25th, 2013

Most housing markets across the country are continuing to chug along toward recovery as the local market begins its first buds into spring mode. New listings and overall inventory have become the prominent indicators to watch, as demand for quality homes to buy is up. Agents in some areas are seeing the highest prices and fastest selling times in years. Where it used to take months, it can now take mere days to sell an appealing home. Here’s a quick recap of the week that was.

In the Twin Cities region, for the week ending March 16:

  • New Listings increased 4.9% to 1,475
  • Pending Sales increased 11.9% to 1,094
  • Inventory decreased 30.1% to 12,661

For the month of February:

  • Median Sales Price increased 15.5% to $160,000
  • Days on Market decreased 22.2% to 112
  • Percent of Original List Price Received increased 3.4% to 93.7%
  • Months Supply of Inventory decreased 38.8% to 3.0

Click here for the full Weekly Market Activity Report.From The Skinny.

Posted in Weekly Report |
Tuesday, March 19th, 2013

by The KCM Crew

Many potential buyers are waiting until they can be 100% sure the real estate market has fully recovered before making the move to purchase a home. Here are five reasons why waiting might not make sense any longer:

1.) Prices Are on the Rise

The latest Case Shiller Home Price Index revealed that home prices have appreciated 5.5% over the last year. This is occurring across the nation as increases were reported in 19 of 20 metros. The Home Price Expectation Survey, which polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts, calls for continued appreciation over the next five years.

Click Here For More

 

Monday, March 18th, 2013

With February’s jobs data looking better than expected and inflation running well
within the Fed’s target range, mortgage rates ticked higher. It s not much,
and this affordability environment is still hugely attractive, but it’s just enough to
notice. Combined with low inventory, low rates have been a prominent motivation
for buyers. But sellers need the real encouragement these days. Consistent yearover-
year price gains have proven insufficient thus far, but that’s subject to
change come spring.

In the Twin Cities region, for the week ending March 9:
• New Listings decreased 6.1% to 1,361
• Pending Sales increased 10.9% to 1,019
• Inventory decreased 30.7% to 12,476

For the month of February:
• Median Sales Price increased 15.5% to $160,000
• Days on Market decreased 22.2% to 112
• Percent of Original List Price Received increased 3.4% to 93.7%
• Months Supply of Inventory decreased 38.8% to 3.0

Click Here to View Full Weekly Activity Report

Posted in Weekly Market Activity Reports |
Monday, March 18th, 2013

With February’s jobs data looking better than expected and inflation running well within the Fed’s target range, mortgage rates ticked higher. It s not much, and this affordability environment is still hugely attractive, but it’s just enough to notice. Combined with low inventory, low rates have been a prominent motivation for buyers. But sellers need the real encouragement these days. Consistent year-over-year price gains have proven insufficient thus far, but that’s subject to change come spring.

In the Twin Cities region, for the week ending March 9:

  • New Listings decreased 6.1% to 1,361
  • Pending Sales increased 10.9% to 1,019
  • Inventory decreased 30.7% to 12,476

For the month of February:

  • Median Sales Price increased 15.5% to $160,000
  • Days on Market decreased 22.2% to 112
  • Percent of Original List Price Received increased 3.4% to 93.7%
  • Months Supply of Inventory decreased 38.8% to 3.0

Click here for the full Weekly Market Activity Report.From The Skinny.

Posted in Weekly Report |

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