Twin Cities Market Activity Report - WE 1/25

Weekly Market Activity Report
provided by MAAR

Activity continues to pick up in the Twin Cities housing market as sellers and buyers bid a sad farewell to the Viking's football season and the dormant holiday market begins to thaw. New listings, sales and inventory are steadily increasing as we prepare for the spring selling season.

For the week ending January 16 there were 571 signed purchase
agreements, up 4.0 percent from a year ago. That's only the second week of year-over-year increase in the last nine. New listings were 8.3 percent higher than a year ago at 1,668, and the total inventory of homes available for sale currently sits at 20,459, down 18.9 percent from last year at this time.

With an extreme shortage of inventory in some of the lower price ranges, new listings may be welcome in that segment for the first time in several years. In the upper price ranges, sales activity is still declining and new sellers face a tougher market.

Visit HennepinGroup.com for the latest new home listings in Minneapolis, St. Paul, Maple Grove, Plymouth all surrounding cities.

CHAD ELLIOT, REALTOR© The Hennepin Group, LLC Keller Williams Realty 17205 Yale Street NW, Suite D Elk River, Minnesota, 55330	Mobile: (651) 795-1147 Fax: (763) 241-0187 Email: chadelliot@kw.com ChadElliot.com

Twin Cities Weekly Market Activity Report - WE 1/19

Twin Cities Weekly Market Activity Report - WE 1/19
provided by MAAR

Weekly Market Activity Report

The first full week of reporting for the Twin Cities housing market is in and while there are a few "green shoots," it's becoming clear so far that the market won't see the same spectacular growth in sales it saw at the beginning of 2009.

There were 520 pending sales for the week ending January 9, down 1.7 percent from the same week in 2009. That's the seventh week of the last nine to see fewer sales than the prior year, a time period that coincides closely with the initial expiration date of the first-time home buyer tax credit. However, we’re still 21.2 percent higher than the pace in 2008 for that period.

As you likely know, the credit's been expanded to include a $6,500 incentive for buyers who have owned a home for five years of the last eight. Since we can safely assume that many of these buyers will need to sell their home first before buying a new one and receiving the credit, we can look to our new listings numbers to see how much effect the new credit is having. So far, it doesn't appear to be much.

Over the last three months, the number of new listings has been 11.7 percent behind the same period one year prior. With many looking for continued "seedlings" of hope in the local housing market, this isn't welcome news. As always, we'll be keeping a close eye on things and reporting back what we see.

CHAD ELLIOT, REALTOR© The Hennepin Group, LLC Keller Williams Realty 17205 Yale Street NW, Suite D Elk River, Minnesota, 55330	Mobile: (651) 795-1147 Fax: (763) 241-0187 Email: chadelliot@kw.com ChadElliot.com

Twin Cities Market Activity Report - WE 11/30

Twin Cities Market Activity Report - WE 11/30

When compared to the previous week's dive, pending sales held strong during a time of typical seasonal swoon. For the week ending November 21, there were 604 purchase agreements, a 5.2 percent increase over the same week in 2008 and the first time in a month not to show a week-over-week plunge in sales activity (MAAR).

If you have any questions please contact me at any time!

Twin Cities Weekly Market Activity Report - WE 11/23

Hello Minnesota!

Below is the latest market activity report for the Twin Cities Housing Market for WE 11/23. We are seeing a balancing of the market in lower priced homes but still some uncertainty in the higher end properties. Please feel free to contact me at anytime to discuss your situation.

Twin Cities Market Activity Report

Minneapolis / St. Paul / Maple Grove / Elk River / Plymouth / Champlin / Rogers

Twin Cities Weekly Market Activity Report - September 28th

Here is the lastest activity report for the Twin Cities Real Estate Market for W/E September 28th, 2009.

Weekly Market Activity Report

If you have any questions or concerns let me know and I'd be happy to discuss them with you!

Chad Elliot, REALTOR
Hennepin Group, LLC
Keller Williams Integrity Northwest