Real Estate news

This spring, investors are expected to play a less dominant role since there are fewer attractive bargains to be had. This allows room for younger families and individuals fed up with rent hikes. The affordability picture has come down but remains attractive, pressured by rising but not fully recovered prices and slightly higher rates. Despite some inventory shortages, several local markets are in balanced territory heading into the peak selling season.

 In the Twin Cities region, for the week ending March 22:

 • New Listings increased 2.6% to 1,490

• Pending Sales decreased 6.9% to 1,010

• Inventory decreased 6.8% to 12,791

 For the month of February:

• Median Sales Price increased 14.4% to $183,000

• Days on Market decreased 10.8% to 99

• Percent of Original List Price Received decreased 0.2% to 93.6%

• Months Supply of Inventory decreased 12.5% to 2.8

 

The attached Weekly Market Activity Report is produced by the Minneapolis Area Association of REALTORS® (MAAR)


December 2nd, 2013

In the Twin Cities region, for the week ending November 23:

• New Listings increased 46.6% to 893

• Pending Sales increased 42.8% to 841

• Inventory decreased 3.6% to 15,008

  For the month of October:

• Median Sales Price increased 11.4% to $194,900

• Days on Market decreased 27.2% to 75

• Percent of Original List Price Received increased 1.4% to 95.8%

• Months Supply of Inventory decreased 10.0% to 3.6

 

The attached Weekly Market Activity Report is produced by the Minneapolis Area Association of REALTORS® (MAAR)

November 19th, 2013

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

• New Listings increased 11.4% to 1,132

• Pending Sales decreased 3.1% to 819

• Inventory decreased 3.2% to 15,517

 For the month of October:

• Median Sales Price increased 11.4% to $195,000

• Days on Market decreased 27.2% to 75

• Percent of Original List Price Received increased 1.4% to 95.8%

• Months Supply of Inventory decreased 12.5% to 3.5

Weekly Market Activity Report is produced by the Minneapolis Area Association of REALTORS® (MAAR)


November 4th, 2013

In the Twin Cities region, for the week ending October 26:

• New Listings increased 16.4% to 1,209

• Pending Sales increased 10.4% to 974

• Inventory decreased 3.1% to 16,211

For the month of September:

• Median Sales Price increased 11.7% to $195,000

• Days on Market decreased 29.7% to 71

• Percent of Original List Price Received increased 1.7% to 96.4%

• Months Supply of Inventory decreased 14.0% to 3.7

The Weekly Market Activity Report is produced by the Minneapolis Area Association of REALTORS®

October 1st, 2013

Our Goverment is now "closed".

What does this meand for buyers and sellers? Everything indicates that all departaments including FHA, Ginnie Mae, Fannie Mae, Freddie Mac, Va and HUD will all be up and running. If you are financing with any of the above entities you should be OK to close.

Please do keep in mind the IRS is shut down and will not be performing any tax transcript requests. This could potentially cause a delay if your buyer's lender (or the buyer's lender of your seller's property) has not yet requested tax returns verufucations through the IRS. This will be a lender decison to take the risk and close or wait for verification when the IRS is back up and running.

If you have any further questions please give me a call 612-384-7493

Rodolfo Trujillo

Rodolfo Trujillo

Real Estate Agent
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